Bonds issued by an authority may be sold:
(1) for cash;
(2) in exchange for property constituting a housing project; or
(3) by any combination of those methods.
Tex. Loc. Gov't Code § 392.0831
PAYMENT FOR BONDS
Known as the Housing Authorities Law
The act spans §§ 392.001 to 392.104 (67 sections).
Added by Acts 1989, 71st Leg., ch. 677, Sec. 8, 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.