Texas § 1432.011 REVIEW AND APPROVAL OF CONTRACTS RELATING TO BONDS.

Texas Statutes

§ 1432.011 — REVIEW AND APPROVAL OF CONTRACTS RELATING TO BONDS.

Texas § 1432.011

Code GVGovernment Code

This text of Texas § 1432.011 (REVIEW AND APPROVAL OF CONTRACTS RELATING TO BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1432.011 (2026).

Text

Sec. 1432.011. REVIEW AND APPROVAL OF CONTRACTS RELATING TO BONDS.

(a)If bonds issued under this chapter state that they are secured by a pledge of revenue or rents from a contract, including a lease contract, a copy of the contract and the proceedings related to it must be submitted to the attorney general.

(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 contract.

(c)After the bonds are approved and registered as provided by Chapter 1202 and the contract is approved under Subsection (b), the contract is incontestable in a court or other forum for any reason and is a valid and binding obligation for all purposes in accordance with its terms.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1432.011. REVIEW AND APPROVAL OF CONTRACTS RELATING TO BONDS. (a) If bonds issued under this chapter state that they are secured by a pledge of revenue or rents from a contract, including a lease contract, a copy of the contract and the proceedings related to it must be submitted to the attorney general.
(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 contract.
(c) After the bonds are approved and registered as provided by Chapter 1202 and the contract is approved under Subsection (b), the contract is incontestable in a court or other forum for any reason and is a valid and binding obligation for all purposes in accordance with its terms.