Texas Statutes
Subchapter D. Certificates of Indebtedness to Finance Judgments or Settlements Related to Municipal Natural Gas System
Section 1501.156. Sale of Certificates

Sec. 1501.156. SALE OF CERTIFICATES. (a) A municipality may sell certificates of indebtedness issued under this subchapter:
(1) at a public or private sale;
(2) on terms the governing body of the municipality determines; and
(3) with an option to prepay principal as the governing body of the municipality considers advisable.
(b) A municipality shall sell the certificates for cash.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

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