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Tex. Gov't Code § 1433.066

INTERIM RECEIPTS; TEMPORARY BONDS

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

Before the preparation of definitive bonds, an issuer may, under the restrictions applicable to the definitive bonds, issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when the definitive bonds are executed and available for delivery.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.