Sec. 56.207. BONDS: SALE. (a) The board shall advertise and sell the bonds on the best terms and for the best price possible.
(b) The board shall deposit all money from the sale of the bonds as it is received into the construction and maintenance fund of the district.
Acts 1971, 62nd Leg., p. 517, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 2001, 77th Leg., ch. 298, Sec. 10, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 56 - Drainage Districts
Subchapter F. Issuance of Bonds and Notes
Section 56.201. Authority to Issue Bonds
Section 56.202. Issuance of Bonds
Section 56.203. Record Book for Bonds
Section 56.204. Bonds: Requisites
Section 56.205. Bonds: Approval
Section 56.209. Use of Unsold Bonds for Maintenance Purposes
Section 56.210. Refunding Bonds
Section 56.211. Refunding Bond Election
Section 56.212. Approval and Issuance of Refunding Bonds
Section 56.213. Tax Anticipation Notes; Bond Anticipation Notes