Texas § GV.489.254 - BOND SALE AND ISSUANCE
Full text of Texas The Texas Constitution § GV.489.254 — BOND SALE AND ISSUANCE, with citation guidance and answers to common questions.
§ GV.489.254. BOND SALE AND ISSUANCE
BOND SALE AND ISSUANCE. (a) Bonds issued under Section 489.253 may be sold at public or private sale at a price and in a manner and from time to time as resolutions of the executive director of the office that authorize issuance of the bonds provide. (b) From the proceeds of the sale of the bonds, the bank may pay expenses, premiums, and insurance premiums that the bank considers necessary or advantageous in connection with the authorization, sale, and issuance of the bonds. (c) In connection with the issuance of its bonds, the bank may exercise the powers granted to the governing body of an issuer in connection with the issuance of obligations under Chapter 1371 . However, any bonds issued in accordance with this subchapter and Chapter 1371 are not subject to the rating requirement for an obligation issued under Chapter 1371 . Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465 ), Sec. 1, eff. June 18, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.489.254
What does The Texas Constitution § GV.489.254 cover?
Section GV.489.254 ("BOND SALE AND ISSUANCE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.489.254?
A common citation format is "The Texas Constitution § GV.489.254" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.489.254 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.