Texas § 451.353 BOND TERMS.

Texas Statutes

§ 451.353 — BOND TERMS.

Texas § 451.353

Code TNTransportation Code

This text of Texas § 451.353 (BOND TERMS.) 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. Transportation Code Code Ann. § 451.353 (2026).

Text

Sec. 451.353. BOND TERMS.

(a)An authority's bonds are fully negotiable. An authority may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the authority's resolution authorizing the bonds.

(b)A revenue bond indenture may limit a power of the authority provided by Sections 451.054-451.060, 451.061 (a) or (b), 451.064-451.069, 451.107 (a), or 451.251 as long as the bonds issued under the indenture are outstanding.

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Sec. 451.353. BOND TERMS. (a) An authority's bonds are fully negotiable. An authority may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the authority's resolution authorizing the bonds.
(b) A revenue bond indenture may limit a power of the authority provided by Sections 451.054-451.060, 451.061 (a) or (b), 451.064-451.069, 451.107 (a), or 451.251 as long as the bonds issued under the indenture are outstanding.