Tex. Health & Safety Code § 285.025

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 285.025 - Terms

(a) Bonds issued under this subchapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:

(1) be sold at a price and under terms that the commissioners court considers the most advantageous reasonably obtainable; and

(2) be made callable before maturity at times and prices prescribed in the order authorizing the bonds.

(b) The bonds may not bear interest at a rate greater than that allowed by Chapter 1204, Government Code.

Tex. Health and Safety Code § 285.025

Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.263, eff. 9/1/2001.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.