Sec. 45.057. GUARANTEE ENDORSEMENT. (a) The commissioner shall endorse bonds approved for guarantee with:
(1) the commissioner's signature or a facsimile of the commissioner's signature; and
(2) a statement relating the constitutional and statutory authority for the guarantee.
(b) The guarantee is not effective unless the attorney general approves the bonds under Section 45.005 or 53.40, as applicable.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Amended by:
Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 59.09, eff. September 28, 2011.
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