Texas § TN.452.361 - EXCHANGE OF BONDS FOR EXISTING SYSTEM
Full text of Texas The Texas Constitution § TN.452.361 — EXCHANGE OF BONDS FOR EXISTING SYSTEM, with citation guidance and answers to common questions.
§ TN.452.361. EXCHANGE OF BONDS FOR EXISTING SYSTEM
EXCHANGE OF BONDS FOR EXISTING SYSTEM. An authority's revenue bonds may be exchanged, in lieu of cash, for the property of all or part of an existing public transportation system to be acquired by the authority. If the property is owned by a corporation that will dissolve simultaneously with the exchange, the authority may acquire the stock of the corporation. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.452.361
What does The Texas Constitution § TN.452.361 cover?
Section TN.452.361 ("EXCHANGE OF BONDS FOR EXISTING SYSTEM") 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 § TN.452.361?
A common citation format is "The Texas Constitution § TN.452.361" (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 § TN.452.361 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.