Texas Statutes
§ 1207.024 — METHODS AND TERMS OF SALE.
Texas § 1207.024
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1207.024 (METHODS AND TERMS OF SALE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 1207.024 (2026).
Text
Sec. 1207.024. METHODS AND TERMS OF SALE.
(a)Refunding bonds issued to make a deposit under this subchapter or Subchapter C shall be sold for cash in a principal amount necessary to provide all or part of the money required to:
(1)pay the principal of the obligations to be refunded and the interest to accrue on those obligations to their maturity; or
(2)redeem the obligations to be refunded, before maturity, on the date or dates the obligations are subject to redemption, including the principal, interest to accrue on the obligations to their redemption date or dates, and any required redemption premium.
(b)The refunding bonds:
(1)shall be sold under the terms and procedures for the sale as determined by the governing body of the issuer; and
(2)may be sold at public or private sale.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1207.001
DEFINITIONS.§ 1207.002
AUTHORITY TO ISSUE.§ 1207.003
ELECTION.§ 1207.004
COMBINATION ISSUANCE.§ 1207.005
SOURCES AVAILABLE FOR PAYMENT.§ 1207.006
MATURITY.§ 1207.007
DELEGATION OF AUTHORITY.§ 1207.008
LIMITATION.§ 1207.021
AUTHORITY TO DEPOSIT WITH COMPTROLLER.§ 1207.022
LIMITATION.§ 1207.023
AMOUNT OF PRINCIPAL.§ 1207.024
METHODS AND TERMS OF SALE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1207.024, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1207.024.