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Texas Local Government Code

§ 107.007 — SALE OF OBLIGATIONS; MATURITY

LG § 107.007Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 107. OBLIGATIONS FOR CERTAIN LIABILITIES TO PUBLIC PENSION FUNDS OF A MUNICIPALITY

Statute text

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Obligations issued under Section 107.003 may be sold at private or public sale and must mature not later than the 30th anniversary of the date of issuance.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.

Source: Texas Local Government Code § 107.007 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.