Texas § WA.51.809 - COMPUTING AMOUNT OF PAYMENT MADE BY SURRENDERING BONDS
Full text of Texas The Texas Constitution § WA.51.809 — COMPUTING AMOUNT OF PAYMENT MADE BY SURRENDERING BONDS, with citation guidance and answers to common questions.
§ WA.51.809. COMPUTING AMOUNT OF PAYMENT MADE BY SURRENDERING BONDS
COMPUTING AMOUNT OF PAYMENT MADE BY SURRENDERING BONDS. (a) In order to compute payment by surrendering bonds, the interest rate on the bonds shall be applied on an annual basis to each unpaid installment of taxes for the number of years the installment must run before being due. The total of the items computed shall be deducted from the face amount of the unpaid installments of taxes. (b) In order to compute payment by surrendering bonds, the interest rate on the bonds shall be applied to each unpaid installment of taxes for the number of years the installment has been past due and 10 percent of the face amount of each installment of taxes that is past due shall be added as a penalty. The total of the items computed shall be added to the face amount of each unpaid installment of taxes. Acts 1971, 62nd Leg., p. 382, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Frequently Asked Questions About Texas § WA.51.809
What does The Texas Constitution § WA.51.809 cover?
Section WA.51.809 ("COMPUTING AMOUNT OF PAYMENT MADE BY SURRENDERING BONDS") 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 § WA.51.809?
A common citation format is "The Texas Constitution § WA.51.809" (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 § WA.51.809 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.