Tex. Spec. Dist. Local Laws Code § 8512.0505 · Subchapter E. BORROWED MONEY AND GRANTS
TERMS OF ISSUANCE.
Verbatim from the official edition
Not yet in force
Text of section effective on April 01, 2027
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 property interest, 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 matured or unmatured authority obligations.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8512.htm
- Text hash
- sha256 99ce48ea75cab7da3c838471a6dcfe45e1fb827e9d8e0fcd2e68f07b33c249ed
- 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.