Tex. Water Code § 58.477 · Subchapter J. ISSUANCE OF BONDS
PROCEDURE FOR ISSUANCE AND SALE OF INTERIM BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Interim bonds shall be issued in the name of the district, signed by the president, and attested by the secretary, with the district seal attached to each bond.
(b) The interim bonds may be issued in the denominations determined by the board and shall be approved by the attorney general and registered by the comptroller in the same manner as provided in Section 58.447 of this code.
(c) The interim bonds may be sold in the same manner and on the same terms provided by law for the sale of other bonds of the district.
(d) If interim bonds are sold at less than par value and accrued interest, the improvement bonds issued by the district must be sold at an increase over the price authorized by law in an amount sufficient to equal the discount allowed on the interim bonds.
Notes and commentary — not statutory text
History
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.58.htm
- Text hash
- sha256 2ae61dd7e3055bbc894f3f962df821abdb9de85002592e2318d62926e24b20c3
- 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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