Texas § GV.1201.022 - TERMS OF ISSUANCE

Full text of Texas The Texas Constitution § GV.1201.022 — TERMS OF ISSUANCE, with citation guidance and answers to common questions.

§ GV.1201.022. TERMS OF ISSUANCE

TERMS OF ISSUANCE. (a) A public security may be: (1) issued singly or in a series; (2) made payable in a specified amount or amounts or installments to: (A) the bearer; (B) a registered or named person; (C) the order of a registered or named person; or (D) a successor or assign of a registered or named person; (3) issued to be sold: (A) at a public or private sale; and (B) under the terms determined by the governing body of the issuer to be in the issuer's best interests; and (4) issued with other specified characteristics, on additional specified terms, or in a specified manner. (b) The governing body of a county or municipality that issues bonds that are to be paid from ad valorem taxes may provide that the bonds are to mature serially over a specified number of years, not to exceed 40. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 769, Sec. 1, eff. Sept. 1, 2001.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.1201.022

What does The Texas Constitution § GV.1201.022 cover?

Section GV.1201.022 ("TERMS OF ISSUANCE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.1201.022?

A common citation format is "The Texas Constitution § GV.1201.022" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.1201.022 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.