Tex. Water Code § 58.396
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If 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.
Tex. Water Code § 58.396