Texas § GV.1373.008 - MATURITY OR TERM OF OBLIGATIONS

Full text of Texas The Texas Constitution § GV.1373.008 — MATURITY OR TERM OF OBLIGATIONS, with citation guidance and answers to common questions.

§ GV.1373.008. MATURITY OR TERM OF OBLIGATIONS

MATURITY OR TERM OF OBLIGATIONS. (a) The maximum maturity or term of an obligation issued or incurred pursuant to this chapter may not exceed the lesser of: (1) the reasonably expected weighted average useful life of the eligible project as certified by a licensed professional engineer selected by the issuer; or (2) 50 years from the date of issuance or incurrence of the obligation. (b) The determination of reasonably expected weighted average useful life of an eligible project made under Subsection (a) may not be contested for any reason. Added by Acts 2025, 89th Leg., R.S., Ch. 494 (S.B. 1261 ), Sec. 1, eff. September 1, 2025.

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

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Frequently Asked Questions About Texas § GV.1373.008

What does The Texas Constitution § GV.1373.008 cover?

Section GV.1373.008 ("MATURITY OR TERM OF OBLIGATIONS") 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.1373.008?

A common citation format is "The Texas Constitution § GV.1373.008" (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.1373.008 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.