Sec. 56.132. APPROVAL AND REGISTRATION OF BONDS. (a) The attorney general shall examine bonds issued under this subchapter and the records relating to the bonds' issuance.
(b) If the attorney general finds that the bonds have been issued in accordance with law, the attorney general shall approve the bonds, and the comptroller of public accounts shall register the bonds.
(c) Following approval and registration, the bonds are incontestable and are binding obligations according to their terms.
Added by Acts 1991, 72nd Leg., ch. 330, Sec. 1, eff. June 5, 1991.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 56 - Student Financial Assistance
Subchapter H. Student Loan Revenue Bond Program
Section 56.124. Administration
Section 56.125. Loans From Fund
Section 56.127. Refunding Bonds
Section 56.128. Amount of Bonds
Section 56.131. Execution of Bonds
Section 56.132. Approval and Registration of Bonds