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Texas Government Code - GOV'T § 1501.210. Payment of Outstanding Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

After money has been deposited with the bank where the outstanding district bonds are payable, the district or the municipality may pay off any outstanding district bonds if the money and investments that would remain to the credit of the interest and sinking fund are sufficient to provide for the payment of:

(1) all of the remaining outstanding bonds of the district;

(2) the interest on the remaining outstanding bonds of the district to:

(A) the maturity dates of the bonds;  or

(B) the date set by the district for redemption of its bonds;  and

(3) any required redemption premium.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1501.210. Payment of Outstanding Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1501-210/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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