Tex. Health & Safety Code Section 383.023
Terms

Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:

(1)

bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;

(2)

be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;

(3)

be in coupon form; and

(4)

be registrable as to principal or as to principal and interest.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Section 383.023 — Terms, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­383.­htm#383.­023 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 383.023’s source at texas​.gov