Sec. 163.088. BOND ANTICIPATION NOTES. (a) The agency may issue bond anticipation notes:
(1) for any purpose for which the agency may issue bonds; or
(2) to refund previously issued bond anticipation notes or nonnegotiable purchase money notes.
(b) Bond anticipation notes are subject to the limitations and conditions prescribed by this subchapter for bonds.
(c) The agency may contract with purchasers of bond anticipation notes that the proceeds of one or more series of bonds will be used to pay or refund the notes.
Added by Acts 2015, 84th Leg., R.S., Ch. 1162 (S.B. 776), Sec. 3, eff. September 1, 2015.
Structure Texas Statutes
Title 4 - Delivery of Utility Services
Subtitle A - Utility Corporations and Other Providers
Chapter 163 - Joint Powers Agencies
Subchapter C. -1. Alternate Governance for Certain Municipal Power Agencies
Section 163.073. Applicability; Alternate Governance
Section 163.074. Conflicts With Other Law
Section 163.075. Nature of Agency
Section 163.076. Addition or Removal of Public Entities
Section 163.077. Election for Addition of Public Entity
Section 163.078. Board of Directors
Section 163.079. Separate Boards of Directors
Section 163.081. Construction Contracts
Section 163.082. Sale or Exchange of Electric Energy
Section 163.083. Rates and Charges
Section 163.084. Revenue Bonds
Section 163.085. Refunding Bonds
Section 163.086. Issuance, Form, and Provisions of Bonds
Section 163.087. Nonnegotiable Purchase Money Notes
Section 163.088. Bond Anticipation Notes