Texas § HS.285.008 - BONDS
Full text of Texas The Texas Constitution § HS.285.008 — BONDS, with citation guidance and answers to common questions.
§ HS.285.008. BONDS
BONDS. (a) In a revenue anticipation agreement, the commissioners court may promise to execute and deliver, concurrently with the making of advances under the agreement, interest-bearing bonds evidencing the county's and hospital district's obligation to repay the advances as provided by the agreement and this subchapter. (b) The bonds may be delivered on terms consistent with the terms specified for a revenue anticipation agreement by this subchapter. (c) The provisions of this subchapter that relate to advances apply to bonds issued under this section. (d) Bonds issued under this subchapter are: (1) incontestable in a court or other forum; (2) valid and binding obligations; (3) investment securities under the Uniform Commercial Code (Title 1, Business & Commerce Code); (4) legal and authorized security for public funds of the state and its political subdivisions; and (5) legal and authorized investments by a bank, savings bank, savings and loan association, or insurance company. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.285.008
What does The Texas Constitution § HS.285.008 cover?
Section HS.285.008 ("BONDS") 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 § HS.285.008?
A common citation format is "The Texas Constitution § HS.285.008" (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 § HS.285.008 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.