Texas § WA.54.520 - CANCELLATION OF UNSOLD BONDS
Full text of Texas The Texas Constitution § WA.54.520 — CANCELLATION OF UNSOLD BONDS, with citation guidance and answers to common questions.
§ WA.54.520. CANCELLATION OF UNSOLD BONDS
CANCELLATION OF UNSOLD BONDS. (a) The board, by order or resolution, may provide for the cancellation of all or any part of any bonds which have been submitted to and approved by the attorney general and registered by the comptroller, but not yet sold, and provide for the issuance of new bonds in lieu of the old bonds in the manner as provided by law for the issuance of the original bonds including their approval by the attorney general and their registration by the comptroller. (b) The order or resolution of the board shall describe the bonds to be cancelled, and shall also describe the new bonds to be issued in lieu of the old bonds. (c) A certified copy of the order or resolution of the board providing for the cancellation of the old bonds, together with the old bonds, shall be delivered to the comptroller, who shall cancel and destroy the old bonds and make a record of the cancellation. Added by Acts 1971, 62nd Leg., p. 800, ch. 84, Sec. 1.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.54.520
What does The Texas Constitution § WA.54.520 cover?
Section WA.54.520 ("CANCELLATION OF UNSOLD 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 § WA.54.520?
A common citation format is "The Texas Constitution § WA.54.520" (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 § WA.54.520 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.