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Texas Health and Safety Code

§ 282.072 — INTEREST, MATURITY, AND DENOMINATION

HS § 282.072Title 4. HEALTH FACILITIES · Part D. HOSPITAL DISTRICTS · Ch. 282. HOSPITAL DISTRICTS IN COUNTIES OF 75,000 OR LESS · Art. E. DISTRICT BONDS

Statute text

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(a)District bonds mature not more than 30 years after their date and bear interest at a rate ordered by the commissioners court but not more than six percent annually.
(b)The bonds must provide the interest rate and the time, place, manner, and conditions of payment as ordered by the commissioners court.
(c)The bonds may be payable annually or semiannually.
(d)The bonds must be issued in denominations of not less than $100 nor more than $1,000.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Texas Health and Safety Code § 282.072 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.