Texas Utilities Code

§ 163.088 — BOND ANTICIPATION NOTES

UT § 163.088Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 163. JOINT POWERS AGENCIES · Art. C-1. ALTERNATE GOVERNANCE FOR CERTAIN MUNICIPAL POWER AGENCIES

Statute text

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(a)The agency may issue bond anticipation notes:

(1)for any purpose for which the agency may issue bonds; or

(2)to refund previously issued bond anticipation notes or nonnegotiable purchase money notes.

(b)Bond anticipation notes are subject to the limitations and conditions prescribed by this subchapter for bonds.

(c)The agency may contract with purchasers of bond anticipation notes that the proceeds of one or more series of bonds will be used to pay or refund the notes.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 1162 (S.B. 776), Sec. 3, eff. September 1, 2015.