Tex. Water Code § 20.102 · Subchapter E. BOND PROCEDURES
CONDITIONS FOR ISSUANCE OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds may be issued as various series and issues.
(b) Bonds issued by the authority may mature serially or otherwise not later than 50 years after the date on which they are issued.
(c) The bonds may bear interest at a rate or rates determined in accordance with the resolution or order authorizing the issuance of the bonds but not to exceed the net effective interest rate authorized by Chapter 1204, Government Code.
(d) Rates of interest on bonds may be fixed, variable, floating, adjustable, or otherwise.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.417, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm
- Text hash
- sha256 d44639b3256121ec1c70af1524b2bf41a95f58a719499fef66da06b75c8ad3e7
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.