Tex. Spec. Dist. Local Laws Code § 1047.202 · Subchapter E. BONDS
CANCELLATION OF BOND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On the payment of interest or for the redemption of district bonds, the depository shall receive and cancel any interest coupon paid or bond discharged.
(b) When the interest coupon or bond is delivered to the board:
(1) the account of the depository shall be credited with the amount of the coupon or bond; and
(2) the coupon or bond shall be canceled and destroyed.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, 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/SD/htm/SD.1047.htm
- Text hash
- sha256 5b65bd033b95a320a8a69f34329dfd1293582cc08c033db36e09b822b1922329
- 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.