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Home > Title 1 > Part 3 > Chapter 53 >Subchapter E > Rule 53.78
TITLE 1 - ADMINISTRATION
PART 3 - OFFICE OF THE ATTORNEY GENERAL
CHAPTER 53 - MUNICIPAL SECURITIES
SUBCHAPTER E - APPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION
SECTION/RULE §53.78 - Approval of Certificates
Chapter Review Date 10/26/2020

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.

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