Texas § 507.153 BOND REQUIREMENTS.

Texas Statutes

§ 507.153 — BOND REQUIREMENTS.

Texas § 507.153

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 507.153 (2026).

Text

Sec. 507.153. BOND REQUIREMENTS. Bonds issued under this chapter must:

(1)be payable only from the revenue of a spaceport developed by the spaceport development corporation issuing the bonds;

(2)mature not later than 50 years after the date of issuance; and

(3)state on their faces that the bonds are not an obligation of the State of Texas or a political subdivision of this state, other than the corporation that issued the bonds. SUBCHAPTER E. TAXES

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Sec. 507.153. BOND REQUIREMENTS. Bonds issued under this chapter must:
(1) be payable only from the revenue of a spaceport developed by the spaceport development corporation issuing the bonds;
(2) mature not later than 50 years after the date of issuance; and
(3) state on their faces that the bonds are not an obligation of the State of Texas or a political subdivision of this state, other than the corporation that issued the bonds.
SUBCHAPTER E. TAXES