Sec. 303.073. TERMS. (a) A bond issued under this chapter must mature not later than 40 years after its date.
(b) Bonds issued under this chapter may be sold in any manner authorized by the corporation and permitted by Chapter 1201, Government Code.
(c) The interest rate on the bonds may be determined by a formula or index or in accordance with a contract or other arrangement for the periodic determination of interest rates.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government
Chapter 303 - Public Facility Corporations
Section 303.071. Authority to Issue
Section 303.072. Source of Payment
Section 303.074. Use of Proceeds
Section 303.075. Refunding Obligations
Section 303.076. Approval of Bonds by Other Entities