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TITLE 1 | ADMINISTRATION |
PART 3 | OFFICE OF THE ATTORNEY GENERAL |
CHAPTER 53 | MUNICIPAL SECURITIES |
SUBCHAPTER E | APPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION |
RULE §53.78 | Approval of Certificates |
Certificates will be approved under Texas Civil Statutes, Article 2368a.1, §7(8), where their amount is not in excess of 25% of those current funds or bond funds committed to the project, and such certificates are necessary in order to provide for deficiency to enable contract award to be made. |
Source Note: The provisions of this §53.78 adopted to be effective January 1, 1976. |