- (a) Obligations issued under this chapter shall be sold at a public or private sale under terms determined by the governing body or the board issuing the obligations to be the most advantageous and reasonably obtainable.
- (b) Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.