Tex. Local Gov't Code Section 507.153
Bond Requirements

Bonds issued under this chapter must:

(1)

be payable only from the revenue of a spaceport developed by the spaceport development corporation issuing the bonds;

(2)

mature not later than 50 years after the date of issuance; and

(3)

state on their faces that the bonds are not an obligation of the State of Texas or a political subdivision of this state, other than the corporation that issued the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.

Source: Section 507.153 — Bond Requirements, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­507.­htm#507.­153 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 507.153’s source at texas​.gov