Texas § 1373.008 MATURITY OR TERM OF OBLIGATIONS.

Texas Statutes

§ 1373.008 — MATURITY OR TERM OF OBLIGATIONS.

Texas § 1373.008

Code GVGovernment Code

This text of Texas § 1373.008 (MATURITY OR TERM OF OBLIGATIONS.) 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. § 1373.008 (2026).

Text

Sec. 1373.008. MATURITY OR TERM OF OBLIGATIONS.

(a)The maximum maturity or term of an obligation issued or incurred pursuant to this chapter may not exceed the lesser of:

(1)the reasonably expected weighted average useful life of the eligible project as certified by a licensed professional engineer selected by the issuer; or

(2)50 years from the date of issuance or incurrence of the obligation.

(b)The determination of reasonably expected weighted average useful life of an eligible project made under Subsection (a) may not be contested for any reason.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1373.008. MATURITY OR TERM OF OBLIGATIONS. (a) The maximum maturity or term of an obligation issued or incurred pursuant to this chapter may not exceed the lesser of:
(1) the reasonably expected weighted average useful life of the eligible project as certified by a licensed professional engineer selected by the issuer; or
(2) 50 years from the date of issuance or incurrence of the obligation.
(b) The determination of reasonably expected weighted average useful life of an eligible project made under Subsection (a) may not be contested for any reason.