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H.B. No. 3814
1 the date the district adopts the order or resolution delegating the
2 authority under Subdivision (3), during which that authority must
3 be exercised.
4 (c) In exercising the authority delegated by the board to an
5 officer or employee, the officer or employee may establish the
6 terms and details related to the issuance and sale of the bonds,
7 including:
8 (1) the form and designation of the bonds;
9 (2) the principal amount of the bonds and the amount of
10 the bonds to mature in each year;
11 (3) the dates, price, interest rates, interest payment
12 dates,. principal payment dates, and redemption features of the
13 bonds; and
14 (4) any other details relating to the issuance and
15 sale of the bonds as specified by the board in the proceedings
16 authorizing the issuance of the bonds.
17 (d) A finding or ,determination made by an officer or
18 employee acting under the authority delegated to the officer or
19 employee has the same force and effect as a finding or determination
20 made by the board.
21 SECTION 3. (a) The legal notice of the intention to
22 introduce this Act, setting forth the general substance of this
23 Act, has been published as provided by law, and the notice and a
24 copy of this Act have been furnished to all persons, agencies,
25 officials, or entities to which they are required to be furnished
26 under Section 59, Article XVI, Texas Constitution, and Chapter 313,
27 Government Code.