Texas § 152.202 SALE OR EXCHANGE OF OBLIGATIONS.

Texas Statutes

§ 152.202 — SALE OR EXCHANGE OF OBLIGATIONS.

Texas § 152.202

Code WAWater Code

This text of Texas § 152.202 (SALE OR EXCHANGE OF OBLIGATIONS.) 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. Water Code Code Ann. § 152.202 (2026).

Text

Sec. 152.202. SALE OR EXCHANGE OF OBLIGATIONS. Revenue bonds, notes, or other obligations issued under this subchapter may be:

(1)sold for cash at a public or private sale;

(2)issued on terms determined by the board of directors of the river authority in exchange for property or an interest in property the board of directors considers necessary or convenient for a purpose described by Section 152.201 ;

(3)issued in exchange for other matured or unmatured obligations of the river authority in the same principal amounts; or

(4)sold for cash in the amount equal to the principal amount of the obligations to:

(A)this state or an agency of this state;

(B)the United States; or

(C)an agency or corporation created or designated by this state or the United States.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 152.202. SALE OR EXCHANGE OF OBLIGATIONS. Revenue bonds, notes, or other obligations issued under this subchapter may be:
(1) sold for cash at a public or private sale;
(2) issued on terms determined by the board of directors of the river authority in exchange for property or an interest in property the board of directors considers necessary or convenient for a purpose described by Section 152.201 ;
(3) issued in exchange for other matured or unmatured obligations of the river authority in the same principal amounts; or
(4) sold for cash in the amount equal to the principal amount of the obligations to:
(A) this state or an agency of this state;
(B) the United States; or
(C) an agency or corporation created or designated by this state or the United States.