(a) Public securities issued under this subchapter may be issued at a public or private sale.
(b) Public securities must:
(1) be issued in the name of the association; and
(2) mature not more than 10 years after the date issued.
TERMS OF ISSUANCE
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff
(a) Public securities issued under this subchapter may be issued at a public or private sale.
(b) Public securities must:
(1) be issued in the name of the association; and
(2) mature not more than 10 years after the date issued.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.