Enrolled Bill Summary

Senate Bill 1449 amends the Natural Resources Code to eliminate the requirement that general obligation bonds issued by the Veterans' Land Board be signed by the governor and the executive secretary of the board and attested by the secretary of state. The bill instead requires that the bonds be signed and executed as the board provides in the resolution or order authorizing their issuance. The bill also allows the board to authorize officers or employees of the board to act on the board's behalf in conducting the sale of loans under the Veterans' Housing Assistance Program within the limits established by the board on the principal amount and the sales price of the loans to be sold.