Tex. Health & Safety Code § 363.132 · Subchapter G. BONDS
TERMS; FORM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A public agency may issue its bonds in various series or issues.
(b) Bonds may mature serially or otherwise not more than 50 years after the date of issuance and shall bear interest at a rate permitted by state law.
(c) A public agency's bonds and interest coupons, if any, are investment securities under Chapter 8, Business & Commerce Code, and may be:
(1) issued registrable as to principal or as to principal and interest; and
(2) made redeemable before maturity, at the option of the public agency, or may contain a mandatory redemption provision.
(d) A public agency's bonds may be issued in the form, denominations, and manner, and under the terms, and shall be signed and executed, as provided by the governing body in the resolution or order authorizing the bonds.
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.363.htm
- Text hash
- sha256 e81ca474edc883f5173fdf3000045f2b669779e62082806bdaa1ec4bec0ab093
- 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
This section cites
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Business & Commerce Code
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