Tex. Spec. Dist. Local Laws Code § 3873.203 · Subchapter E. GENERAL FINANCIAL PROVISIONS
TERMS AND CONDITIONS OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds may be issued to mature serially or otherwise not more than 40 years from their date of issue.
(b) If provided by the bond order or resolution, the proceeds from the sale of bonds may be used to pay interest on the bonds during and after the period of the acquisition or construction of any park improvement project to be provided through the issuance of the bonds, to administrative and operation expenses to create a reserve fund for the payment of the principal of and interest on the bonds, and to create any other funds.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1202 (H.B. 4789), Sec. 1, eff. June 19, 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.3873.htm
- Text hash
- sha256 0f69217f0b8d0895af1d7b7f92423bc1c27c5964441ea2e2d2bcac18d479ef48
- 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.