Sec. 366.112. INTERIM BONDS. (a) An authority may, before issuing definitive bonds, issue interim bonds, with or without coupons, exchangeable for definitive bonds.
(b) The interim bonds may be authorized and issued in accordance with this chapter, without regard to the requirements, restrictions, or procedural provisions contained in any other law.
(c) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter. The recital is conclusive evidence of the validity and the regularity of the bonds' issuance.
Added by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 366 - Regional Tollway Authorities
Subchapter D. Turnpike Financing
Section 366.111. Turnpike Revenue Bonds
Section 366.112. Interim Bonds
Section 366.113. Payment of Bonds; State and County Credit Not Pledged
Section 366.114. Effect of Lien
Section 366.115. Bond Indenture
Section 366.116. Approval of Bonds by Attorney General
Section 366.117. Furnishing of Indemnifying Bonds or Pledges of Securities