Texas § 572.064 FORM AND PROVISIONS OF OBLIGATIONS.

Texas Statutes

§ 572.064 — FORM AND PROVISIONS OF OBLIGATIONS.

Texas § 572.064

Code LGLocal Government Code

This text of Texas § 572.064 (FORM AND PROVISIONS OF OBLIGATIONS.) 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. Local Government Code Code Ann. § 572.064 (2026).

Text

Sec. 572.064. FORM AND PROVISIONS OF OBLIGATIONS.

(a)An obligation issued under this subchapter must mature not later than 40 years after its date of issuance.

(b)The obligations must be signed by the presiding officer or assistant presiding officer of the public utility agency and be attested by the secretary.

(c)A public utility agency may sell obligations issued under this subchapter at public or private sale at a price or under the terms the agency determines to be in the best interest of the agency.

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Sec. 572.064. FORM AND PROVISIONS OF OBLIGATIONS. (a) An obligation issued under this subchapter must mature not later than 40 years after its date of issuance.
(b) The obligations must be signed by the presiding officer or assistant presiding officer of the public utility agency and be attested by the secretary.
(c) A public utility agency may sell obligations issued under this subchapter at public or private sale at a price or under the terms the agency determines to be in the best interest of the agency.

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 19, eff. Sept. 1, 1999. Renumbered from Local Government Code, Section 422.064 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.76(c)(2), eff. April 1, 2009.