Sec. 451.355. APPROVAL; REGISTRATION. (a) An authority's bonds and the records relating to their issuance shall be submitted to the attorney general for examination before the bonds may be delivered.
(b) If the attorney general finds that the bonds have been issued in conformity with the constitution and this chapter and that the bonds will be a binding obligation of the issuing authority, the attorney general shall approve the bonds.
(c) After the bonds are approved by the attorney general, the comptroller shall register the bonds.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 451 - Metropolitan Rapid Transit Authorities
Section 451.352. Power to Issue Bonds
Section 451.355. Approval; Registration
Section 451.356. Incontestability
Section 451.357. Security Pledged
Section 451.358. Pledge of Revenue Limited
Section 451.359. Refunding Bonds
Section 451.360. Bonds as Authorized Investments
Section 451.361. Exchange of Bonds for Existing System
Section 451.362. Short-Term Bonds
Section 451.3625. Bonds for Rail System; Certain Authorities