Tex. Transp. Code Section 441.198
Bond Anticipation Notes


(a)

A district may issue bond anticipation notes:

(1)

for any purpose for which district bonds have been previously voted; or

(2)

to refund previously issued bond anticipation notes.

(b)

A district may contract with purchasers of bond anticipation notes that the proceeds from the sale of bonds that are issued to refund the bond anticipation notes shall be used only to pay the principal of or interest or redemption price on the bond anticipation notes.

(c)

A district may secure the repayment of the principal of and interest and redemption premium on the bond anticipation notes from any source available for that repayment, including a loan agreement, revolving credit agreement, agreement establishing a line of credit, letter of credit, reimbursement agreement, insurance contract, commitment to purchase bond anticipation notes, purchase or sale agreement, or another agreement authorized and approved by the district in connection with the authorization, issuance, security, or repayment of bond anticipation notes.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Source: Section 441.198 — Bond Anticipation Notes, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­441.­htm#441.­198 (accessed Jun. 5, 2024).

441.001
Definitions
441.002
Commission Rules
441.011
Creation
441.012
Territory
441.013
Submission of Preliminary Plan
441.014
Review of Preliminary Plan
441.015
Granting or Denying Approval of Preliminary Plan
441.016
Approval of Multiple Governmental Entities
441.017
Approval of Preliminary Plan for Road Facility in Municipality or Municipality’s Extraterritorial Jurisdiction
441.018
Petition Required
441.019
Contents of Petition
441.020
Filing of Preliminary Plan and Approval Statement
441.021
Petition Fee
441.022
Hearing Required
441.023
Notice of Hearing
441.024
Granting or Denying Petition
441.025
Grounds Requiring Granting of Petition
441.026
Grounds Requiring Denial of Petition
441.027
Other Considerations in Granting or Denying Petition
441.028
Adjustment of Boundaries
441.029
Temporary Directors
441.030
Confirmation Election
441.031
Notice of Confirmation Election
441.032
Ballot for Confirmation Election
441.033
Canvass
441.034
Effect of Confirmation Election
441.035
Including Bond Proposition at Election
441.071
Board of Directors
441.072
Board of Directors in Certain Districts
441.073
Election of Directors
441.074
Term
441.075
Compensation
441.076
Vacancy
441.077
Officers
441.078
General Manager
441.079
Other Officers
441.080
Personnel
441.081
Officer’s, Employee’s, or Contractor’s Bond
441.082
Meetings
441.083
Vote Required for Action
441.084
Records
441.085
Office
441.086
Seal
441.101
General Powers and Duties
441.102
Rules
441.103
Suit and Judgment
441.111
Construction, Acquisition, or Improvement of Road Facility
441.112
Progress Payments
441.113
Joint Project
441.114
Competitive Bids
441.115
Contractor Bond
441.116
Changes to Road Facilities
441.117
Monitoring Work
441.131
Hearing on Final Approval
441.132
Decision on Approval
441.133
Conveyance Required
441.134
Commission Conveyance Order
441.135
Transfer of Ownership and Responsibility
441.136
Effect of Conveyance on Indebtedness
441.137
Partial Conveyance
441.151
Fiscal Year
441.152
Budget
441.153
Audit
441.154
Depository
441.155
Payment of Expenses
441.156
Authorized Investments
441.157
Investment Representative
441.158
Borrowing Money
441.171
Issuance of Bonds
441.172
Tax Bond Election
441.173
Form and Provisions of Bonds
441.174
Examination
441.175
Refunding Bonds
441.176
Tax Exemption
441.177
Bondholder Mandamus
441.178
Use of Bond Proceeds
441.179
Disposition of Proceeds
441.180
Manner of Repayment
441.191
Imposition of Taxes
441.192
Maintenance Tax
441.193
Tax Rate
441.194
Appointment of Tax Assessor-collector
441.195
Imposition of Taxes During First Year
441.196
All Property Taxed
441.197
Fees
441.198
Bond Anticipation Notes
441.211
Petition for Annexation
441.212
Board Decision
441.213
Commission Approval
441.214
Recording Petition
441.215
Assumption of Debt Share
441.216
Unissued Bonds
441.231
Petition for Dissolution
441.232
Commission Dissolution Order
441.233
Transfer of District Money

Accessed:
Jun. 5, 2024

§ 441.198’s source at texas​.gov