Tex. Water Code § 51.432 · Subchapter K. ISSUANCE OF BONDS
SALE OF BONDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the bonds are issued by the district, the board shall sell the bonds on the best terms and for the best price possible.
(b) The board shall pay the proceeds from the sale of the bonds to the district depository.
(c) The district may exchange bonds for property acquired by purchase or to pay the contract price of work done for the use and benefit of the district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.51.htm
- Text hash
- sha256 90498c651320e51f4a61e006bf0a4a9f8d3eb251d615f4a7a4e7e949a3f98303
- 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.