Tex. Gov't Code § 1501.156

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1501.156 - Sale of Certificates

(a) A municipality may sell certificates of indebtedness issued under this subchapter:

(1) at a public or private sale;

(2) on terms the governing body of the municipality determines; and

(3) with an option to prepay principal as the governing body of the municipality considers advisable.

(b) A municipality shall sell the certificates for cash.

Tex. Gov't. Code § 1501.156

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.