Sec. 1207.023. AMOUNT OF PRINCIPAL. Refunding bonds for which a deposit is made under this subchapter or Subchapter C may be issued in an additional amount sufficient to:
(1) pay the cost and expense of issuing the bonds; or
(2) finance a debt service reserve, contingency, or other similar fund the issuer considers necessary or advisable.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 1207 - Refunding Bonds
Subchapter B. Advance Refunding Procedures
Section 1207.021. Authority to Deposit With Comptroller
Section 1207.023. Amount of Principal
Section 1207.024. Methods and Terms of Sale
Section 1207.027. Comptroller to Accept and Keep Safe Deposits
Section 1207.028. Comptroller to Send and Record Deposit or Payment
Section 1207.029. Selection of Paying Agent
Section 1207.030. Establishment and Use of Trust Fund
Section 1207.031. Withdrawal of Deposit
Section 1207.032. Comptroller Fees