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Texas Utilities Code - UTIL § 163.088. Bond Anticipation Notes

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

(a) The agency may issue bond anticipation notes:

(1) for any purpose for which the agency may issue bonds; or

(2) to refund previously issued bond anticipation notes or nonnegotiable purchase money notes.

(b) Bond anticipation notes are subject to the limitations and conditions prescribed by this subchapter for bonds.

(c) The agency may contract with purchasers of bond anticipation notes that the proceeds of one or more series of bonds will be used to pay or refund the notes.

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Cite this article: FindLaw.com - Texas Utilities Code - UTIL § 163.088. Bond Anticipation Notes - last updated January 01, 2024 | https://codes.findlaw.com/tx/utilities-code/util-sect-163-088/

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