Texas § GV.1204.007 - MAXIMUM INTEREST RATE FOR CERTAIN PUBLIC SECURITIES
Full text of Texas The Texas Constitution § GV.1204.007 — MAXIMUM INTEREST RATE FOR CERTAIN PUBLIC SECURITIES, with citation guidance and answers to common questions.
§ GV.1204.007. MAXIMUM INTEREST RATE FOR CERTAIN PUBLIC SECURITIES
MAXIMUM INTEREST RATE FOR CERTAIN PUBLIC SECURITIES. (a) Public securities authorized by an election held before April 15, 1981, may be issued, may be sold, and may bear interest as provided by Section 1204.006 , except that public securities authorized by an election required by the constitution of this state may not be issued at an interest rate greater than the rate authorized at that election unless an additional election is held at which the issuance of the public securities at a price and at a rate authorized by Section 1204.006 is approved. (b) A public agency shall hold and give notice of an additional election under Subsection (a) in the manner provided by law applicable to the election that authorized the public securities. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1204.007
What does The Texas Constitution § GV.1204.007 cover?
Section GV.1204.007 ("MAXIMUM INTEREST RATE FOR CERTAIN PUBLIC SECURITIES") 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.1204.007?
A common citation format is "The Texas Constitution § GV.1204.007" (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.1204.007 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.