Texas § TN.54.108 - SALE OF OBLIGATIONS
Full text of Texas The Texas Constitution § TN.54.108 — SALE OF OBLIGATIONS, with citation guidance and answers to common questions.
§ TN.54.108. SALE OF OBLIGATIONS
SALE OF OBLIGATIONS. (a) Obligations issued under this chapter shall be sold at a public or private sale under terms determined by the governing body or the board issuing the obligations to be the most advantageous and reasonably obtainable. (b) Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary. Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.54.108
What does The Texas Constitution § TN.54.108 cover?
Section TN.54.108 ("SALE OF OBLIGATIONS") 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.54.108?
A common citation format is "The Texas Constitution § TN.54.108" (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.54.108 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.