Texas Special District Local Laws Code 8506.205 – Terms of Issuance
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Special District Local Laws Code 8506.205
- Property: means real and personal property. See Texas Government Code 311.005
Authority bonds may be:
(1) sold for cash;
(2) issued on terms the board determines in exchange for property of any kind, or any interest in property, that the board considers necessary or convenient for the corporate purpose for which the bonds are issued; or
(3) issued in exchange for like principal amounts of other obligations of the authority, whether matured or unmatured.