Texas § TN.441.198 - BOND ANTICIPATION NOTES
Full text of Texas The Texas Constitution § TN.441.198 — BOND ANTICIPATION NOTES, with citation guidance and answers to common questions.
§ TN.441.198. BOND ANTICIPATION NOTES
BOND ANTICIPATION NOTES. (a) A district may issue bond anticipation notes: (1) for any purpose for which district bonds have been previously voted; or (2) to refund previously issued bond anticipation notes. (b) A district may contract with purchasers of bond anticipation notes that the proceeds from the sale of bonds that are issued to refund the bond anticipation notes shall be used only to pay the principal of or interest or redemption price on the bond anticipation notes. (c) A district may secure the repayment of the principal of and interest and redemption premium on the bond anticipation notes from any source available for that repayment, including a loan agreement, revolving credit agreement, agreement establishing a line of credit, letter of credit, reimbursement agreement, insurance contract, commitment to purchase bond anticipation notes, purchase or sale agreement, or another agreement authorized and approved by the district in connection with the authorization, issuance, security, or repayment of bond anticipation notes. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. SUBCHAPTER K. ANNEXATION
Frequently Asked Questions About Texas § TN.441.198
What does The Texas Constitution § TN.441.198 cover?
Section TN.441.198 ("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 § TN.441.198?
A common citation format is "The Texas Constitution § TN.441.198" (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 § TN.441.198 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.