District general obligation bonds must mature not later than 40 years after the date of issuance.
Tex. Spec. Dist. Local Laws Code § 1099.254
MATURITY OF GENERAL OBLIGATION BONDS
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, 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.