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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A bond issued under this chapter must mature not later than 40 years after its date.
(b) Bonds issued under this chapter may be sold in any manner authorized by the corporation and permitted by Chapter 1201, Government Code.
(c) The interest rate on the bonds may be determined by a formula or index or in accordance with a contract or other arrangement for the periodic determination of interest rates.
Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 303.073. Terms - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-303-073/
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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