Tex. Transp. Code § 364.048 · Subchapter C. BONDS AND FINANCES
TERMS OF BONDS; NEGOTIABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioners court may prescribe the terms and conditions of bonds issued under this chapter and determine the manner of their sale. The commissioners court by order or resolution shall determine:
(1) the aggregate principal amount or amounts of the bonds;
(2) the denominations of the bonds;
(3) the date or dates of maturity;
(4) the rate or rates of interest;
(5) whether the bonds are payable annually or semiannually, and on what dates;
(6) the form of the bonds;
(7) the terms, provisions, and conditions of the bonds;
(8) whether the bonds are coupon or registered bonds, and any registration privileges;
(9) provisions for the call or redemption of the bonds before maturity; and
(10) the place or places, in or outside of this state, at which the bonds are payable.
(b) Bonds issued under this chapter have all the qualifications and incidents of negotiable instruments as provided by the law of this state.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.364.htm
- Text hash
- sha256 99929a6879cb44aa2fb9a19a5c6290e57d31ccc55657baa1f075aa7993542272
- 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.