GroundRules
Tex. Parks and Wildlife Code § 21.016: BONDS INCONTESTABLE, VALID, AND BINDING.
Where this section sits in the code
- PARKS AND WILDLIFE CODE
- TITLE 3. PARKS
- CHAPTER 21. TEXAS PARK DEVELOPMENT FUND
- SUBCHAPTER A. TEXAS PARK DEVELOPMENT BONDS
(a) After approval by the attorney general, registration by the comptroller, and delivery to the purchaser, the bonds are incontestable and constitute general obligations of the state.
(b) After approval by the attorney general and registration by the comptroller, the bonds shall be held to be valid and binding obligations of the state in any action, suit, or other proceeding in which their validity is questioned.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Collected 2026-08-27T01:47:32Z. Source file · JSON