Texas § GV.1431.009 - MATURITY
Full text of Texas The Texas Constitution § GV.1431.009 — MATURITY, with citation guidance and answers to common questions.
§ GV.1431.009. MATURITY
MATURITY. (a) Except as provided by Subsection (b) or (e), an anticipation note issued for a purpose described by Section 1431.004 (a)(1) or (b)(2) must mature before the seventh anniversary of the date that the attorney general approves the note. (b) An anticipation note issued by a county with a population of three million or more, an eligible countywide district, or an eligible school district for a purpose described by Section 1431.004 (a)(1) or (b)(2) must mature before the 15th anniversary of the date that the attorney general approves the note. (c) Except as provided by Subsection (e), an anticipation note issued for a purpose described by Section 1431.004 (a)(2) or (3) must mature before the first anniversary of the date that the attorney general approves the note. (d) A bond issued under Chapter 1207 to refund an anticipation note issued by a county, municipality, or eligible countywide district for a purpose described by Section 1431.004 (a)(1) or by an eligible school district for a purpose described by Section 1431.004 (a)(1)(C) or (b)(2) is subject to the limitation on maturity provided by Section 1207.006 and not the limitation provided by Subsection (a). (e) An anticipation note or other obligation issued under Section 1431.015 for any authorized purpose must mature before the 10th anniversary of the date the attorney general approves the note or other obligation. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1183, Sec. 7, eff. Sept. 1, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 929 (H.B. 3270 ), Sec. 4, eff. June 15, 2007.
Frequently Asked Questions About Texas § GV.1431.009
What does The Texas Constitution § GV.1431.009 cover?
Section GV.1431.009 ("MATURITY") 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.1431.009?
A common citation format is "The Texas Constitution § GV.1431.009" (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.1431.009 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.