Tex. Spec. Dist. Local Laws Code § 8506.205 · Subchapter E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS
TERMS OF ISSUANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Authority bonds may be:
(1) sold for cash;
(2) issued on terms the board determines in exchange for property of any kind, or any interest in property, that the board considers necessary or convenient for the corporate purpose for which the bonds are issued; or
(3) issued in exchange for like principal amounts of other obligations of the authority, whether matured or unmatured.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8506.htm
- Text hash
- sha256 43a24ec1d2e156edee975ee4c06387fd67ccda76d2f152564e363a97e0c83b13
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 8506.205. Each shows the citation as that text prints it.
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