Tex. Utilities Code § 163.066
This is the official text of Tex. Utilities Code § 163.066, part of Texas’s Utilities Code — regulates utility companies.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 163.066. ISSUANCE, FORM, AND PROVISIONS OF BONDS.
Official statutory text
(a) Agency bonds that are payable from agency revenues or anticipated bond proceeds and the records relating to their issuance must be submitted to the attorney general for examination before delivery.
(b) The bonds:
(1) must mature serially or otherwise not more than 50 years after the date of issuance;
(2) may be made redeemable before maturity at the time and at the price or prices set by the agency; and
(3) may be sold at public or private sale under the terms and for the price the agency determines to be in the best interest of the agency.
(c) The bonds must be signed by the presiding officer or assistant presiding officer of the agency, be attested by the secretary, and bear the seal of the agency. The signatures may be printed on the bonds if authorized by the agency, and the seal may be impressed or printed on the bonds. The agency may adopt or use for any purpose the signature of an individual who has been an officer of the agency, regardless of whether the individual has ceased to be an officer at the time the bonds are delivered to the purchaser.
(b) The bonds:
(1) must mature serially or otherwise not more than 50 years after the date of issuance;
(2) may be made redeemable before maturity at the time and at the price or prices set by the agency; and
(3) may be sold at public or private sale under the terms and for the price the agency determines to be in the best interest of the agency.
(c) The bonds must be signed by the presiding officer or assistant presiding officer of the agency, be attested by the secretary, and bear the seal of the agency. The signatures may be printed on the bonds if authorized by the agency, and the seal may be impressed or printed on the bonds. The agency may adopt or use for any purpose the signature of an individual who has been an officer of the agency, regardless of whether the individual has ceased to be an officer at the time the bonds are delivered to the purchaser.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.