Texas § 262.049 APPROVAL AND REGISTRATION OF BONDS.

Texas Statutes

§ 262.049 — APPROVAL AND REGISTRATION OF BONDS.

Texas § 262.049

Code HSHealth and Safety Code

This text of Texas § 262.049 (APPROVAL AND REGISTRATION OF 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. Health and Safety Code Code Ann. § 262.049 (2026).

Text

Sec. 262.049. APPROVAL AND REGISTRATION OF BONDS.

(a)The authority shall submit to the attorney general bonds issued under this chapter and the record relating to the issuance of those bonds.

(b)If the attorney general finds that the bonds were issued in accordance with this chapter, are valid and binding obligations of the authority, and are secured as recited in the bonds:

(1)the attorney general shall approve the bonds; and

(2)the comptroller shall register the bonds and certify the registration on the bonds.

(c)Following approval and registration, the bonds are incontestable.

(d)The bonds are negotiable and must contain the following provision: "The holder hereof shall never have the right to demand payment thereof out of money raised or to be raised by taxation."

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Sec. 262.049. APPROVAL AND REGISTRATION OF BONDS. (a) The authority shall submit to the attorney general bonds issued under this chapter and the record relating to the issuance of those bonds.
(b) If the attorney general finds that the bonds were issued in accordance with this chapter, are valid and binding obligations of the authority, and are secured as recited in the bonds:
(1) the attorney general shall approve the bonds; and
(2) the comptroller shall register the bonds and certify the registration on the bonds.
(c) Following approval and registration, the bonds are incontestable.
(d) The bonds are negotiable and must contain the following provision: "The holder hereof shall never have the right to demand payment thereof out of money raised or to be raised by taxation."