Tex. Spec. Dist. Local Laws Code § 7502.205 · Subchapter E. BONDS
CAPITALIZED INTEREST AND DISCOUNT ON BONDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Capitalized interest on bonds issued under this subchapter may not exceed two years.
(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7502.htm
- Text hash
- sha256 991399918d8694704954ae0618b3157d24f36efdbbd91b502d1e3552dd12544f
- 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.