Tex. Spec. Dist. Local Laws Code § 8506.209 · Subchapter E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS
POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Using any money available for the purpose, the authority may purchase bonds issued by it at a price not exceeding the redemption price applicable at the time of purchase, or, if the bonds are not redeemable, at a price not exceeding the principal amount of the bonds plus accrued interest.
(b) All bonds purchased under this section shall be canceled, and bonds may not be issued in lieu of those bonds.
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 622e8dd4f94b3f28c136baac09d3405928551c2ce60b560037063f7baa026a5b
- 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.