Pending the issuance of definitive bonds the governing body may authorize the delivery of negotiable interim bonds or notes eligible for exchange or substitution by use of definitive bonds.
Tex. Water Code § 60.343
INTERIM BONDS
Added by Acts 1973, 63rd Leg., p. 770, ch. 343, 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.