Texas § HS.262.043 - TERMS
Full text of Texas The Texas Constitution § HS.262.043 — TERMS, with citation guidance and answers to common questions.
§ HS.262.043. TERMS
TERMS. (a) Revenue bonds must mature serially or otherwise not more than 40 years after they are issued. (b) Revenue bonds may: (1) be sold at a price and under terms that the board considers the most advantageous reasonably obtainable, except that the net effective interest rate computed according to Chapter 1204 , Government Code, may not exceed 10 percent a year; (2) be made callable before maturity at times and prices prescribed in the resolution authorizing the bonds; and (3) be made registrable as to principal or as to principal and interest. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.252, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § HS.262.043
What does The Texas Constitution § HS.262.043 cover?
Section HS.262.043 ("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 § HS.262.043?
A common citation format is "The Texas Constitution § HS.262.043" (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 § HS.262.043 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.