Texas Water Code
§ 58.396 — LOANS ACCOMPLISHED BY SALE OF DISTRICT BONDS
WA § 58.396Title 4. GENERAL LAW DISTRICTS · Ch. 58. IRRIGATION DISTRICTS · Art. I. BORROWING MONEY
Statute text
View on sourceIf the loan is secured by the sale of district bonds, the district may enter into an obligation to be conditioned conformably with the usages of investment banking to repurchase the bonds within the five-year period immediately following the date of the loan.
Legislative history
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.