(a) Except as provided by Subsection (b) or (e), an anticipation note issued for a purpose described by § 1431.004(a)(1) or (b)(2) must mature before the seventh anniversary of the date that the attorney general approves the note.
(b) An anticipation note issued by a county with a population of three million or more, an eligible countywide district, or an eligible school district for a purpose described by § 1431.004(a)(1) or (b)(2) must mature before the 15th anniversary of the date that the attorney general approves the note.

Terms Used In Texas Government Code 1431.009

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005

(c) Except as provided by Subsection (e), an anticipation note issued for a purpose described by § 1431.004(a)(2) or (3) must mature before the first anniversary of the date that the attorney general approves the note.
(d) A bond issued under Chapter 1207 to refund an anticipation note issued by a county, municipality, or eligible countywide district for a purpose described by § 1431.004(a)(1) or by an eligible school district for a purpose described by § 1431.004(a)(1)(C) or (b)(2) is subject to the limitation on maturity provided by § 1207.006 and not the limitation provided by Subsection (a).
(e) An anticipation note or other obligation issued under § 1431.015 for any authorized purpose must mature before the 10th anniversary of the date the attorney general approves the note or other obligation.

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