Tex. Transportation Code § 364.049
This is the official text of Tex. Transportation Code § 364.049, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 364.049. SALE OR EXCHANGE OF BONDS.
Official statutory text
A bond issued under this chapter may be:
(1) sold for cash at a public or private sale at a price determined by the commissioners court;
(2) issued on terms determined by the commissioners court in exchange for property of any kind or an interest in property of any kind, as the commissioners court determines is necessary and proper to accomplish a purpose of this chapter; or
(3) issued in exchange for a bond of the same issue, matured or unmatured, in the same principal amount.
(1) sold for cash at a public or private sale at a price determined by the commissioners court;
(2) issued on terms determined by the commissioners court in exchange for property of any kind or an interest in property of any kind, as the commissioners court determines is necessary and proper to accomplish a purpose of this chapter; or
(3) issued in exchange for a bond of the same issue, matured or unmatured, in the same principal amount.
Status: in_force · Read it on the official government site
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