Sec. 8101.262. BONDS SECURED BY CONTRACT PROCEEDS; APPROVAL. (a) If bonds issued under this subchapter state that they are secured by a pledge of the proceeds of a contract previously made between the authority and a municipality or other governmental agency, including a district, a copy of that contract and the proceedings of the entity authorizing the contract must be submitted to the attorney general along with the bonds.
(b) If the attorney general finds that the bonds have been authorized and the contract has been made in accordance with law, the attorney general shall approve the bonds and contract.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8101 - Athens Municipal Water Authority
Section 8101.251. Authority to Issue Bonds
Section 8101.252. Refunding Bonds
Section 8101.253. Form of Bonds
Section 8101.255. Trust Indenture
Section 8101.256. Election for Bonds Payable From Ad Valorem Taxes
Section 8101.257. Bond Security; Revenue; Taxes; Additional Bonds
Section 8101.258. Additional Security
Section 8101.259. Charges for Authority Services
Section 8101.260. Use of Bond Proceeds
Section 8101.261. Appointment of Receiver
Section 8101.262. Bonds Secured by Contract Proceeds; Approval
Section 8101.263. Bonds Exempt From Taxation
Section 8101.264. Property Exempt From Taxation and Assessment