Tex. Transportation Code § 54.108
This is the official text of Tex. Transportation Code § 54.108, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 54.108. SALE OF OBLIGATIONS.
Official statutory text
(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.
(b) Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary.
Status: in_force · Read it on the official government site
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