Sec. 20.074. REVENUE BONDS. (a) The board may issue revenue bonds in the name of the authority to finance the cost of acquisition of political subdivision bonds and to pay the cost of bond issuance.
(b) The board may provide for payment of the premium, principal of, and interest on revenue bonds by pledging all or part of the revenue derived from political subdivision bonds acquired or to be acquired by the authority or from other sources of funds available to the authority.
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