Texas § 1371.054 RATE OF INTEREST.

Texas Statutes

§ 1371.054 — RATE OF INTEREST.

Texas § 1371.054

Code GVGovernment Code

This text of Texas § 1371.054 (RATE OF INTEREST.) 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. § 1371.054 (2026).

Text

Sec. 1371.054. RATE OF INTEREST.

(a)An obligation may bear no interest or bear interest at any rate or rates not to exceed the maximum net effective interest rate allowed by law, whether fixed, variable, floating, adjustable, or otherwise, as determined in accordance with the obligation authorization.

(b)The obligation authorization may provide a formula, index, contract, or other arrangement for the periodic determination of interest rates.

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Sec. 1371.054. RATE OF INTEREST. (a) An obligation may bear no interest or bear interest at any rate or rates not to exceed the maximum net effective interest rate allowed by law, whether fixed, variable, floating, adjustable, or otherwise, as determined in accordance with the obligation authorization.
(b) The obligation authorization may provide a formula, index, contract, or other arrangement for the periodic determination of interest rates.