Tex. Gov't Code § 1207.064

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1207.064 - Incontestability of Certain Escrow Agreements and Contracts

After the registration of a refunding bond and the sale and delivery of the bond to the purchaser, the proceedings that authorize the refunding bond, any escrow agreement relating to the refunding bond, and any contract providing security or payments with respect to the refunding bond are:

(1) incontestable in any court or other forum for any reason; and

(2) valid and binding obligations in accordance with their terms for any purpose.

Tex. Gov't. Code § 1207.064

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.