Tex. Spec. Dist. Local Laws Code Section 1047.202
Cancellation of Bond

(a)

On the payment of interest or for the redemption of district bonds, the depository shall receive and cancel any interest coupon paid or bond discharged.

(b)

When the interest coupon or bond is delivered to the board:

(1)

the account of the depository shall be credited with the amount of the coupon or bond; and

(2)

the coupon or bond shall be canceled and destroyed.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1047.202 — Cancellation of Bond, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1047.htm#1047.202 (accessed Jun. 5, 2024).

1047.001
Definitions 1047.002
Authority for Creation 1047.003
Nature of District 1047.004
District Territory 1047.051
Board Election 1047.052
Qualifications for Office 1047.053
Oath 1047.054
Board Vacancy 1047.055
Officers 1047.056
Removal from Office 1047.057
Compensation 1047.058
Meetings 1047.059
Voting Requirement 1047.060
Maintenance of Records 1047.061
Employees 1047.101
General Powers 1047.102
Hospital System 1047.103
Eminent Domain 1047.104
Gifts and Endowments 1047.105
Contract in Name of District 1047.106
Construction Contracts 1047.107
Authority to Sue and Be Sued 1047.151
Book of Accounts 1047.152
Depository 1047.153
Purchasing Authority 1047.154
Payment Vouchers 1047.201
Bonds 1047.202
Cancellation of Bond 1047.203
Record of Bond Issuance 1047.204
Refunding Bonds 1047.205
Registration of Refunding Bonds 1047.206
Tax to Pay Refunding Bonds 1047.207
Bond Proceeds 1047.208
Bond Election Expenses 1047.251
Imposition of Ad Valorem Tax 1047.252
Tax Rate 1047.253
Tax Assessor-collector 1047.301
Merger

Accessed:
Jun. 5, 2024

§ 1047.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1047.202

Original Source: Section 1047.202 — Cancellation of Bond, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1047.htm#1047.202 (last accessed Jun. 5, 2024).