Sec. 130.128. SALE OF NOTES. (a) The governing board of a public junior college district or regional college district may sell notes or refunding notes issued under this subchapter at a public or private sale and at a price that the board determines is adequate.
(b) The governing board of a public junior college district or regional college district shall deposit proceeds from the sale of notes issued under this subchapter in the district's general revenue fund.
(c) Proceeds from the sale of notes issued under this subchapter may be used to pay the costs of issuing, marketing, or distributing the notes.
Added by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 15.01, eff. Aug. 22, 1991.
Structure Texas Statutes
Subtitle G - Non-Baccalaureate System
Chapter 130 - Junior College Districts
Subchapter G. Fiscal Provisions
Section 130.121. Tax Assessment and Collection
Section 130.122. Tax Bonds and Maintenance Tax
Section 130.1221. Credit Agreements in Certain Junior College Districts
Section 130.123. Revenue Bonds
Section 130.124. Use of Student Fees in Construction
Section 130.125. Revenue Obligations
Section 130.126. Long-Term Notes
Section 130.127. Refunding Notes
Section 130.128. Sale of Notes
Section 130.129. Interest Rate
Section 130.130. Notes Are Not Tax Bonds
Section 130.1305. Texas Commission on Community College Finance