Tex. Health and Safety Code § 383.023
TERMS
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 383.023, TERMS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/672571
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Full text
Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1) bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;
(2) be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;
(3) be in coupon form; and
(4) be registrable as to principal or as to principal and interest.