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Tex. Special District Local Laws Code § 7502.205

CAPITALIZED INTEREST AND DISCOUNT ON BONDS

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

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Tex. Special District Local Laws Code § 7502.205, CAPITALIZED INTEREST AND DISCOUNT ON BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/603116
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(a) Capitalized interest on bonds issued under this subchapter may not exceed two years. (b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.