Tex. Transp. Code § 431.070

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

Section 431.070 - Bonds and Notes

(a) A corporation may issue bonds and notes to carry out its purpose.

(b) The bonds and notes may be issued under any power or authority available to the corporation, including Chapter 1201, Government Code.

(c) A bond or note must state on its face that it is not an obligation of the State of Texas.

Tex. Transp. Code § 431.070

Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.394, eff. Sept. 1, 2001

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.