Sec. 257.122. INTEREST RATE AND MATURITY OF BONDS. Bonds issued under this subchapter shall mature not later than the 40th anniversary of the date of their issuance and shall bear interest at a rate not to exceed that provided by Chapter 1204, Government Code.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.385, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle C - County Roads and Bridges
Subchapter C. Road District in Adjoining Counties
Section 257.101. Road District Authorized; Nature of District
Section 257.102. Petition to Establish Road District
Section 257.103. Change in Roads Designated in Petition
Section 257.104. Notice of Hearing on Petition
Section 257.105. Hearing on Petition
Section 257.106. Order of Election to Establish District
Section 257.107. Election to Establish District
Section 257.108. Ex Officio District Directors
Section 257.109. Meetings of Commissioners or Directors
Section 257.110. District Treasurer or Depository
Section 257.111. Purchase of Improved Roads
Section 257.112. Bonds and Tax Authorized
Section 257.113. Order for Bond Election
Section 257.114. Notice of Bond Election
Section 257.115. Declaration of Bond Election Results
Section 257.116. Orders to Issue Bonds and Levy Tax
Section 257.117. Levy of Bond Tax
Section 257.118. Issuance of Bonds
Section 257.119. Sale of Bonds
Section 257.120. Bond Proceeds
Section 257.121. Application of County Bond Laws