Tex. Gov't Code § 1501.156 · Subchapter D. CERTIFICATES OF INDEBTEDNESS TO FINANCE JUDGMENTS OR SETTLEMENTS RELATED TO MUNICIPAL NATURAL GAS SYSTEM
SALE OF CERTIFICATES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A municipality may sell certificates of indebtedness issued under this subchapter:
(1) at a public or private sale;
(2) on terms the governing body of the municipality determines; and
(3) with an option to prepay principal as the governing body of the municipality considers advisable.
(b) A municipality shall sell the certificates for cash.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1501.htm
- Text hash
- sha256 7408526d54ffa4c00ed7302d7e65e4f3394d5eb4cefea63e4edb91f86c1655f1
- 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.