Sec. 20.072. ACQUISITION OF CERTAIN DEVELOPMENT BOARD BONDS. If the board agrees to purchase political subdivision bonds from the development board that have not been purchased by the development board at the time of the agreement, the board may pay the purchase price for those bonds in exchange for the agreement of the development board to transfer those bonds to the board at the time the development board acquires them.
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 20 - Texas Water Resources Finance Authority
Subchapter D. Political Subdivision Bonds
Section 20.071. Purchase of Political Subdivision Bonds
Section 20.072. Acquisition of Certain Development Board Bonds
Section 20.073. Price and Terms of Purchase
Section 20.075. Contract for Obtaining Compliance With Political Subdivision Bonds