Tex. Health & Safety Code § 383.023 · Subchapter C. BONDS
TERMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1) bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;
(2) be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;
(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.383.htm
- Text hash
- sha256 bfb8738773da182dcba4a8c77ad5549b421b8105d38d4ec13f3c799734d37037
- 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.