Texas Statutes
§ 1507.102 — SALE OF BONDS.
Texas § 1507.102
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1507.102 (SALE OF BONDS.) 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. § 1507.102 (2026).
Text
Sec. 1507.102. SALE OF BONDS.
(a)Instead of exchanging refunding bonds issued under this subchapter for the bonds being refunded, a municipality may sell the refunding bonds or the unexchanged portion of the refunding bonds.
(b)The municipality shall deposit the principal amount received from the sale of the refunding bonds, and the additional amount necessary to pay the interest to the call date or maturity dates, with the bank at which the original refunding bonds are payable.
(c)The municipality shall send to the comptroller a certified copy of the ordinance authorizing the refunding bonds. The comptroller shall register the refunding bonds without the cancellation of the bonds being refunded and shall deliver the refunding bonds as provided in the ordinance.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1507.001
AUTHORITY TO ISSUE BONDS.§ 1507.002
ELECTION.§ 1507.003
MATURITY.§ 1507.051
AUTHORITY TO ISSUE REFUNDING BONDS.§ 1507.052
SALE OF BONDS.§ 1507.053
SIGNATURES.§ 1507.054
APPLICABILITY OF MUNICIPAL CHARTER.§ 1507.101
AUTHORITY TO ISSUE REFUNDING BONDS.§ 1507.102
SALE OF BONDS.§ 1507.103
SIGNATURES.§ 1507.104
APPLICABILITY OF MUNICIPAL CHARTER.§ 1507.151
AUTHORITY TO ISSUE BONDS.§ 1507.152
PLEDGE OF TAX.§ 1507.153
ELECTION.§ 1507.154
LIMITATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1507.102, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1507.102.