Texas § 1501.207 SALE OF DISTRICT PROPERTY.

Texas Statutes

§ 1501.207 — SALE OF DISTRICT PROPERTY.

Texas § 1501.207

Code GVGovernment Code

This text of Texas § 1501.207 (SALE OF DISTRICT PROPERTY.) 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. § 1501.207 (2026).

Text

Sec. 1501.207. SALE OF DISTRICT PROPERTY. A district may sell to a municipality, and the municipality may buy, district property only if the purchase price paid, when added to other applicable money of the district, is sufficient to provide for the payment of:

(1)all outstanding district bonds, including interest on the bonds to:

(A)the maturity dates of the bonds; or

(B)the dates the district sets for redemption of the bonds;

(2)any required redemption premium; and

(3)any applicable fee of the bank of payment.

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Sec. 1501.207. SALE OF DISTRICT PROPERTY. A district may sell to a municipality, and the municipality may buy, district property only if the purchase price paid, when added to other applicable money of the district, is sufficient to provide for the payment of:
(1) all outstanding district bonds, including interest on the bonds to:
(A) the maturity dates of the bonds; or
(B) the dates the district sets for redemption of the bonds;
(2) any required redemption premium; and
(3) any applicable fee of the bank of payment.