Sec. 431.071. APPROVAL OF BONDS AND NOTES BY ATTORNEY GENERAL. (a) A corporation shall submit a bond or note authorized under Section 431.070 and a contract supporting its issuance to the attorney general for examination.
(b) If the attorney general finds that the bond or note, and any supporting contract are authorized under this chapter, the attorney general shall approve them.
(c) After approval by the attorney general, a bond, note, or contract may not be contested for any reason.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
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