Sec. 53B.35. ISSUANCE OF BONDS; PROCEDURE; ETC. The bonds shall be authorized by resolution adopted by a majority vote of a quorum of the board. Bonds authorized under this section shall be issued in accordance with Chapter 1201, Government Code. The bonds shall mature serially or otherwise in not to exceed 50 years. The rate of interest to be borne by the bonds shall not exceed the maximum rate prescribed by Chapter 1204, Government Code.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53B - Higher Education Loan Authorities
Subchapter C. Powers and Duties
Section 53B.31. No Taxing Power
Section 53B.32. No Power of Eminent Domain
Section 53B.35. Issuance of Bonds; Procedure; Etc
Section 53B.37. Junior Lien Bonds; Parity Bonds
Section 53B.38. Reserves for Operating and Other Expenses
Section 53B.39. Refunding Bonds
Section 53B.40. Approval of Bonds; Registration; Negotiability
Section 53B.41. Authorized Investments
Section 53B.42. Investment of Funds; Security
Section 53B.45. Transactions With Other Agencies and Persons
Section 53B.48. Qualified Nonprofit Corporation Acting for or on Behalf of Two or More Cities