BONDS AND NOTES
Known as the Texas Transportation Corporation Act
The act spans §§ 431.001 to 431.186 (63 sections).
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff
(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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.