Texas § ED.52.83 - TERMS
Full text of Texas The Texas Constitution § ED.52.83 — TERMS, with citation guidance and answers to common questions.
§ ED.52.83. TERMS
TERMS. (a) Except as provided by this subchapter, the board by resolution may provide the terms and name of the bonds. (b) The bonds must be dated and bear interest at a rate or rates prescribed by the board in accordance with the resolution for the issuance of the bonds, except that the rate may not exceed the maximum net effective rate allowed by law. The resolution may provide for: (1) any type of rate, including a fixed, variable, floating, or adjustable rate; and (2) any arrangement for the periodic determination of interest rates, including a formula, index, or contract. (c) The bonds must mature serially or otherwise not later than the 40th year after the date of their issuance. (d) The bonds may have a different face value from other bonds issued by the board. Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5,
Frequently Asked Questions About Texas § ED.52.83
What does The Texas Constitution § ED.52.83 cover?
Section ED.52.83 ("TERMS") 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 § ED.52.83?
A common citation format is "The Texas Constitution § ED.52.83" (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 § ED.52.83 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.