Tex. Gov't Code § 1501.210 · Subchapter E. BONDS FOR IMPROVEMENT OF WATER AND SEWER SYSTEMS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000
PAYMENT OF OUTSTANDING BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
After money has been deposited with the bank where the outstanding district bonds are payable, the district or the municipality may pay off any outstanding district bonds if the money and investments that would remain to the credit of the interest and sinking fund are sufficient to provide for the payment of:
(1) all of the remaining outstanding bonds of the district;
(2) the interest on the remaining outstanding bonds of the district to:
(A) the maturity dates of the bonds; or
(B) the date set by the district for redemption of its bonds; and
(3) any required redemption premium.
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 7bf7020caecc031a9d5dbe3587c492914f34506a629d3b65b898f462e729f11b
- 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.