Sec. 1207.034. RIGHT TO DEMAND OR RECEIVE EARLY PAYMENT. The holder of an obligation to be refunded by refunding bonds may not demand or receive payment of the obligation to be refunded before its scheduled maturity date, due date, or redemption date unless the proceedings authorizing the refunding bonds specifically provide for the earlier payment.
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