Tex. Water Code § 55.514 · Subchapter L. ISSUANCE OF BONDS
SALE OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the bonds are issued and registered by the comptroller, the board shall offer the bonds for sale and shall sell them on the best terms and for the best possible price.
(b) After all the bonds are sold, the board shall pay to the district depository all money received from the sale.
(c) The board may exchange the bonds for property to be acquired by purchase under contract or in payment of the contract price for work to be done for the use and benefit of the district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 469, 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.55.htm
- Text hash
- sha256 e1d5bfdf945a07256c8cf303496034aa61aeaa7585d6f7c2c0307f644e757906
- 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.