Section 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.Tex. Loc. Gov't. Code § 572.064
Renumbered from Local Government Code, Section 422.064 by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 3.76(c)(2), eff. 4/1/2009.Added by Acts 1999, 76th Leg., ch. 227, Sec. 19, eff. 9/1/1999.