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Texas Natural Resources Code

§ 162.034 — PAYMENT AND MATURITY OF BONDS

NR § 162.034Title 7. RESOURCES PROGRAMS · Ch. 162. VETERANS' HOUSING ASSISTANCE PROGRAM · Art. C. BONDS

Statute text

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(a)The bonds shall be payable as provided by the board and shall mature serially or otherwise not later than 40 years from the date of their issuance.
(b)The board may make the bonds redeemable or subject to tender for purchase before maturity at the price and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.

Legislative history

Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 2.11, eff. Aug. 30, 1993.

Source: Texas Natural Resources Code § 162.034 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.