Sec. 162.034. PAYMENT AND MATURITY OF BONDS. (a) The bonds shall be payable as provided by the board and shall mature serially or otherwise not later than 40 years from the date of their issuance.
(b) The board may make the bonds redeemable or subject to tender for purchase before maturity at the price and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.
Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 2.11, eff. Aug. 30, 1993.
Structure Texas Statutes
Chapter 162 - Veterans' Housing Assistance Program
Section 162.031. Issuance and Sale of Bonds; Disposition of Proceeds
Section 162.033. Interest Rate
Section 162.034. Payment and Maturity of Bonds
Section 162.035. Form, Denomination, and Place of Payment of Bonds
Section 162.036. Manner of Execution
Section 162.037. Signatures and Seals
Section 162.038. Approval by Attorney General
Section 162.039. Registration With Comptroller
Section 162.040. Validity of Bonds
Section 162.041. Bonds as Negotiable Instruments
Section 162.042. Notice for Bids on Bonds
Section 162.043. Security for Bid
Section 162.044. Sale of Bonds
Section 162.045. Replacement Bonds
Section 162.046. Refunding Bonds
Section 162.047. Bonds as Investments and Security
Section 162.048. Taxation of Bonds
Section 162.049. Payment of Principal and Interest
Section 162.050. Constitutional Appropriations