Tex. Health & Safety Code § 362.033 · Subchapter C. BONDS
TERMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Bonds issued under this chapter must mature serially or in another manner not more than 40 years after they are issued. The bonds may:
(1) bear interest at a fixed, floating, or other type of rate, and be sold at public or private sale at a price or under terms that the issuer's governing body determines to be the most advantageous reasonably obtainable;
(2) be made callable before maturity at times and prices prescribed by the issuer's governing body;
(3) be in coupon form; and
(4) be registrable as to principal or as to principal and interest.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.362.htm
- Text hash
- sha256 40b91b1c56a0432a614684b80a1f714e6d5dcb09decc09336c94125557a9e04e
- 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.