Sec. 285.025. TERMS. (a) Bonds issued under this subchapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1) be sold at a price and under terms that the commissioners court considers the most advantageous reasonably obtainable; and
(2) be made callable before maturity at times and prices prescribed in the order authorizing the bonds.
(b) The bonds may not bear interest at a rate greater than that allowed by Chapter 1204, Government Code.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.263, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle D - Hospital Districts
Chapter 285 - Special Provisions Relating to Hospital Districts
Subchapter B. Parking Stations Near Hospitals in Counties of at Least 1.5 Million
Section 285.022. Authority to Construct, Improve, Operate, and Lease Parking Station
Section 285.023. Authority to Issue Revenue Bonds; Security
Section 285.024. Form and Execution of Bonds
Section 285.026. Approval and Registration of Bonds
Section 285.028. Use of Proceeds; Initial Costs