Sec. 1501.260. INTERIM BONDS. Pending the issuance of definitive bonds under this subchapter, the municipality may authorize the delivery of negotiable interim bonds exchangeable for definitive bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Section 1501.251. Applicability of Subchapter
Section 1501.252. Alternative Financing Procedure
Section 1501.253. Water Supply Project Ownership and Responsibilities
Section 1501.254. Ordinance Authorizing and Issuance of Bonds
Section 1501.255. Notice of Intention to Issue Bonds
Section 1501.256. Petition; Election
Section 1501.259. Sale of Bonds
Section 1501.260. Interim Bonds
Section 1501.261. Rates, Tolls, and Charges
Section 1501.262. Deposit and Use of Bond Proceeds