This law establishes that once a bond enhancement agreement is approved and registered, it cannot be contested. It also outlines the board's authority to direct disbursements from the fund for debt service as per the agreement.
Bond enhancement agreements are valid and incontestable once registered.
The board directs disbursements from the fund as needed.
Disbursements are specifically for debt service under the agreement.
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In simple terms: Learn about Texas's , Government Code. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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