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Tex. Special District Local Laws Code § 5012.0203

TERMS OF ISSUANCE

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 5012.0203, TERMS OF ISSUANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/601932
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Authority bonds may be: (1) sold for cash; (2) issued on terms the commission determines in exchange for any property, or any interest in property, that the commission considers necessary or convenient for the corporate purpose for which the bonds are issued; or (3) issued in exchange for like principal amounts of other obligations of the authority, whether matured or unmatured.