Tex. Loc. Gov't Code § 507.153 · Subchapter D. BONDS
BOND REQUIREMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Bonds issued under this chapter must:
(1) be payable only from the revenue of a spaceport developed by the spaceport development corporation issuing the bonds;
(2) mature not later than 50 years after the date of issuance; and
(3) state on their faces that the bonds are not an obligation of the State of Texas or a political subdivision of this state, other than the corporation that issued the bonds.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.507.htm
- Text hash
- sha256 14a35de87e38768bed68c76224a6ba67bcf507e0fbc28642708957ed52003682
- 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.