Tex. Nat. Res. Code § 164.007 · Chapter 164. VETERANS' FINANCIAL ASSISTANCE PROGRAM
CONDITIONS FOR ISSUANCE OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds may be issued in various series and issues.
(b) Bonds shall be payable as provided by the board and may mature serially or otherwise.
(c) Bonds shall be redeemable before maturity or subject to tender for purchase at the price or prices and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.
(d) Bonds may bear a fixed, variable, floating, or other rate or rates of interest or may bear no interest, as determined by the board.
(e) Bonds may be sold at public or private sale at a price or prices and on terms determined by the board.
(f) Bonds issued under this chapter for a purpose other than buying back or refunding general obligation bonds issued under Article III, Section 49-b, 49-b-1, or 49-b-2, of the Texas Constitution may not in the aggregate exceed $1 billion.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. Amended by Acts 2001, 77th Leg., ch. 875, Sec. 1, eff. June 14, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.164.htm
- Text hash
- sha256 d6320ebcc0c3b3900a2b130a730ce57ad335451dfca34e8dcb8b28795490eb1f
- 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.