Texas § 383.023 TERMS.

Texas Statutes

§ 383.023 — TERMS.

Texas § 383.023

Code HSHealth and Safety Code

This text of Texas § 383.023 (TERMS.) 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. Health and Safety Code Code Ann. § 383.023 (2026).

Text

Sec. 383.023. TERMS. Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:

(1)bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;

(2)be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;

(3)be in coupon form; and

(4)be registrable as to principal or as to principal and interest.

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Sec. 383.023. TERMS. Bonds issued under this chapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1) bear interest at a rate and be sold at a price or under terms that the governing body of the issuer determines to be the most advantageous reasonably obtainable;
(2) be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds;
(3) be in coupon form; and
(4) be registrable as to principal or as to principal and interest.