Texas § HS.362.031 - AUTHORITY TO ISSUE BONDS AND BOND ANTICIPATION NOTES
Full text of Texas The Texas Constitution § HS.362.031 — AUTHORITY TO ISSUE BONDS AND BOND ANTICIPATION NOTES, with citation guidance and answers to common questions.
§ HS.362.031. AUTHORITY TO ISSUE BONDS AND BOND ANTICIPATION NOTES
AUTHORITY TO ISSUE BONDS AND BOND ANTICIPATION NOTES. (a) An issuer may issue bonds, payable from revenues of the issuer, to finance or refinance the cost of acquiring, constructing, or improving a system. (b) The bonds may be issued in more than one series and from time to time as required to carry out the purposes of this chapter. (c) The issuer may declare an emergency because funds are not available to pay the principal of and interest on its bonds or to meet other needs of the issuer and may issue bond anticipation notes to borrow the needed money. The bond anticipation notes may bear interest at any fixed, floating, or other type of rate, and must mature within one year of their date. The bond anticipation notes shall be paid with the proceeds of bonds, or bonds may be issued and delivered in exchange for and in substitution of the notes. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § HS.362.031
What does The Texas Constitution § HS.362.031 cover?
Section HS.362.031 ("AUTHORITY TO ISSUE BONDS AND BOND ANTICIPATION NOTES") 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.362.031?
A common citation format is "The Texas Constitution § HS.362.031" (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.362.031 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.