- (a) The authority may not issue obligations until the Bond Review Board has approved the issuance under Chapter 1231.
- (b) The Bond Review Board may not approve a bond issue unless a project analysis is submitted for approval as provided by Section 1232.114.
- (c) Refunding obligations of the authority must be approved by the Bond Review Board.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.