Sec. 431.070. BONDS AND NOTES. (a) A corporation may issue bonds and notes to carry out its purpose.
(b) The bonds and notes may be issued under any power or authority available to the corporation, including Chapter 1201, Government Code.
(c) A bond or note must state on its face that it is not an obligation of the State of Texas.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.394, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter C. Corporate Powers
Section 431.062. General Powers
Section 431.063. Promotion and Development of Transportation Facilities and Systems
Section 431.064. Alignment Studies
Section 431.065. Contributions; Expenses
Section 431.066. Employees and Consultants
Section 431.067. Promotional Activities
Section 431.068. Construction or Improvement Contracts
Section 431.069. Location of Transportation Projects
Section 431.070. Bonds and Notes
Section 431.071. Approval of Bonds and Notes by Attorney General
Section 431.072. Limitation to Federal or State Highway System
Section 431.073. Project in County of 500,000 or More or Adjacent County