Tex. Gov't Code Section 1507.158
Redemption of Bonds

After the recovery of a loss described by Section 1507.151 (Authority to Issue Bonds) or the failure of an anticipated loss described by Section 1507.151 (Authority to Issue Bonds) to occur, the governing body shall promptly redeem bonds issued to cover the loss or anticipated loss in a principal amount equal to the amount recovered or the amount of anticipated loss that did not occur.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1507.158 — Redemption of Bonds, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1507.htm#1507.158 (accessed Jun. 5, 2024).

1507.001
Authority to Issue Bonds 1507.002
Election 1507.003
Maturity 1507.051
Authority to Issue Refunding Bonds 1507.052
Sale of Bonds 1507.053
Signatures 1507.054
Applicability of Municipal Charter 1507.101
Authority to Issue Refunding Bonds 1507.102
Sale of Bonds 1507.103
Signatures 1507.104
Applicability of Municipal Charter 1507.151
Authority to Issue Bonds 1507.152
Pledge of Tax 1507.153
Election 1507.154
Limitation 1507.155
Maturity 1507.156
Sale of Bonds 1507.157
No Waiver of Claims 1507.158
Redemption of Bonds 1507.159
Conflict with Municipal Charter 1507.160
Construction 1507.201
Applicability of Subchapter 1507.202
Authority to Issue Notes 1507.203
Election 1507.204
Authority to Pass Ordinances and Resolutions 1507.205
Maturity 1507.206
Pledge 1507.207
Payment of Warrants While Notes Are Outstanding 1507.251
Applicability of Subchapter 1507.252
Authority to Issue Warrants or Notes 1507.253
Pledge of Revenue 1507.254
Limitation on Amount of Warrants and Notes Issued 1507.255
Sale of Warrants or Notes

Accessed:
Jun. 5, 2024

§ 1507.158’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_1507.158

Original Source: Section 1507.158 — Redemption of Bonds, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1507.htm#1507.158 (last accessed Jun. 5, 2024).