Texas § 17.873 CONDITIONS FOR ISSUANCE OF BONDS.

Texas Statutes

§ 17.873 — CONDITIONS FOR ISSUANCE OF BONDS.

Texas § 17.873

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This text of Texas § 17.873 (CONDITIONS FOR ISSUANCE 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. Water Code Code Ann. § 17.873 (2026).

Text

Sec. 17.873. CONDITIONS FOR ISSUANCE OF BONDS.

(a)Bonds may be issued as various series and issues and shall be on a parity.

(b)Bonds may mature serially or otherwise not later than 50 years after the date on which they are issued.

(c)The bonds may bear no interest or interest at a rate or rates determined in accordance with law.

(d)Rates of interest on bonds may be fixed, variable, floating, adjustable, or otherwise, determined by the board or determined pursuant to any contractual arrangements approved by the board.

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Sec. 17.873. CONDITIONS FOR ISSUANCE OF BONDS. (a) Bonds may be issued as various series and issues and shall be on a parity.
(b) Bonds may mature serially or otherwise not later than 50 years after the date on which they are issued.
(c) The bonds may bear no interest or interest at a rate or rates determined in accordance with law.
(d) Rates of interest on bonds may be fixed, variable, floating, adjustable, or otherwise, determined by the board or determined pursuant to any contractual arrangements approved by the board.