Texas Local Government Code 306.052 – Bond Approval and Registration
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(a) The bonds may not be delivered until:
(1) a transcript of the proceedings authorizing their issuance has been submitted to the attorney general and approved by the attorney general as to legality; and
(2) the bonds have been registered by the comptroller of public accounts.
(b) If approved by the attorney general, the bonds are incontestable except for fraud.
Terms Used In Texas Local Government Code 306.052
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Fraud: Intentional deception resulting in injury to another.
- Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.