Texas Government Code 1474.104 – Exchanging Bonds for Property or Work
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Terms Used In Texas Government Code 1474.104
- Contract: A legal written agreement that becomes binding when signed.
- Property: means real and personal property. See Texas Government Code 311.005
The commissioners court may exchange bonds issued under this chapter:
(1) for property; or
(2) in payment of the contract price for work to be done in the construction of the improvements.