1371.056 – AUTHORITY TO ENTER INTO AND EXECUTE CREDIT
Texas Government Code § 1371.056
Summary
This law allows issuers to enter into credit agreements related to their financial obligations without needing prior authorization or issuance of those obligations. It provides flexibility for managing debt and financing options for entities that issue bonds or similar instruments.
Issuers can execute multiple credit agreements freely.
No prior authorization or issuance of obligations is required.
Applicable to various financial transactions related to obligations.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's AUTHORITY TO ENTER INTO AND EXECUTE CREDIT law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.