Tex. Spec. Dist. Local Laws Code § 7502.205

CAPITALIZED INTEREST AND DISCOUNT ON BONDS

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff

(a) Capitalized interest on bonds issued under this subchapter may not exceed two years.

(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.

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