{"data":{"id":"us-tx/tex.-local-government-code-572.064","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 572.064","heading":"FORM AND PROVISIONS OF OBLIGATIONS.","body":"(a) An obligation issued under this subchapter must mature not later than 40 years after its date of issuance.\n(b) The obligations must be signed by the presiding officer or assistant presiding officer of the public utility agency and be attested by the secretary.\n(c) A public utility agency may sell obligations issued under this subchapter at public or private sale at a price or under the terms the agency determines to be in the best interest of the agency.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 19, eff. Sept. 1, 1999.\nRenumbered from Local Government Code, Section 422.064 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(c)(2), eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 13. WATER AND UTILITIES","SUBTITLE C. WATER PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 572. PUBLIC UTILITY AGENCIES FOR PROVISION OF WATER OR SEWER SERVICE","SUBCHAPTER C. PUBLIC UTILITY AGENCIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.572.htm#572.064","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"3bba2cd4c8c4ba80fa3456a46a6a08b4f4378d3da439912760a17459192bc880","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-572.063","next":"us-tx/tex.-local-government-code-572.065"},"notice":"GroundRules: Original legal text. Not legal advice."}