The board may not purchase bonds or other securities which have a maturity date more than 50 years from the date of issuance.
Tex. Water Code § 17.175
BOND MATURITY
Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 1, 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.