Tex. Gov't Code § 1201.025 · Subchapter B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY
RATE OF INTEREST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An interest rate on a public security that bears interest may be fixed, variable, floating, adjustable, or computed by another method.
(b) If an interest rate is not specified by the governing body of an issuer issuing a public security, the interest rate is determined by a formula or contractual arrangement for the periodic determination of the rate.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.001, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm
- Text hash
- sha256 6a174f71490142e9556027a2d07cc0da13488e73847e2f635e7f970bc7495a70
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.