Tex. Water Code § 152.202 · Subchapter E. DEBT OBLIGATIONS OF RIVER AUTHORITY
SALE OR EXCHANGE OF OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Revenue bonds, notes, or other obligations issued under this subchapter may be:
(1) sold for cash at a public or private sale;
(2) issued on terms determined by the board of directors of the river authority in exchange for property or an interest in property the board of directors considers necessary or convenient for a purpose described by Section 152.201;
(3) issued in exchange for other matured or unmatured obligations of the river authority in the same principal amounts; or
(4) sold for cash in the amount equal to the principal amount of the obligations to:
(A) this state or an agency of this state;
(B) the United States; or
(C) an agency or corporation created or designated by this state or the United States.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.152.htm
- Text hash
- sha256 47b32b6e0b5193c0f023c8b0d40289fa63fd7bdce34d49475135b11d76dfeb9c
- 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
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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.