District bonds must mature not later than the 50th anniversary of the date of their issuance and must bear interest at a rate not to exceed that provided by Chapter 1204, Government Code.
Tex. Health & Safety Code § 286.146
INTEREST AND MATURITY
Added by Acts 1991, 72nd Leg., ch. 14, Sec. 121, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.