Texas § 8506.209 POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.

Texas Statutes

§ 8506.209 — POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.

Texas § 8506.209

Code SDSpecial District Local Laws Code

This text of Texas § 8506.209 (POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.) 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. Special District Local Laws Code Code Ann. § 8506.209 (2026).

Text

Sec. 8506.209. POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.

(a)Using any money available for the purpose, the authority may purchase bonds issued by it at a price not exceeding the redemption price applicable at the time of purchase, or, if the bonds are not redeemable, at a price not exceeding the principal amount of the bonds plus accrued interest.

(b)All bonds purchased under this section shall be canceled, and bonds may not be issued in lieu of those bonds.

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Sec. 8506.209. POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY. (a) Using any money available for the purpose, the authority may purchase bonds issued by it at a price not exceeding the redemption price applicable at the time of purchase, or, if the bonds are not redeemable, at a price not exceeding the principal amount of the bonds plus accrued interest.
(b) All bonds purchased under this section shall be canceled, and bonds may not be issued in lieu of those bonds.