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Texas Water Code - WATER § 63.253. Approval of Bonds by Attorney General

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Before bonds are offered for sale, the district shall present to the attorney general a certified copy of all the minutes of commission proceedings relating to the issuance of the bonds, including:

(1) a copy of the notices of hearing and election, together with a certified return of each notice;

(2) a certified copy of the commission's order levying a tax to pay principal of and interest on the bonds;

(3) a statement of the total bonded indebtedness of the district, including the series of bonds and the assessed value of property for the purpose of taxation as shown by the last official assessment of the district;  and

(4) any other information which the attorney general requires.

(b) The attorney general shall carefully examine the bonds in connection with the constitution, laws relating to the execution of the bonds, and the facts.

(c) If the attorney general finds that the bonds were issued in conformity with the constitution and laws and that they are valid and binding obligations of the district, he shall certify the bonds.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 63.253. Approval of Bonds by Attorney General - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-63-253/

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