(a) If taxes are pledged to pay for the loan, the loan shall mature not later than the following April 1.
(b) If preliminary or construction bonds are pledged to pay the loan, the loan shall mature not later than six months from the date it is made.
Tex. Water Code § 58.393
MATURITY DATE OF LOAN
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, 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.