Texas § WA.58.476 - DEPOSIT OF BONDS TO SECURE INTERIM BONDS
Full text of Texas The Texas Constitution § WA.58.476 — DEPOSIT OF BONDS TO SECURE INTERIM BONDS, with citation guidance and answers to common questions.
§ WA.58.476. DEPOSIT OF BONDS TO SECURE INTERIM BONDS
DEPOSIT OF BONDS TO SECURE INTERIM BONDS. (a) As the interim bonds are issued and sold, the board, by order, shall deposit bonds of the district which have been validated by a court or approved by the attorney general and registered by the comptroller as provided in Section 58.447 of this code in the district depository. (b) The bonds deposited shall be credited to the interest and sinking fund account created to pay the interim bonds. (c) The principal amount of the bonds deposited shall total at least 110 percent of the principal sum of the series of interim bonds which the bonds are deposited to secure. (d) The interest rate on the interim bonds may not be more than the interest rate on the bonds deposited to secure them. Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.58.476
What does The Texas Constitution § WA.58.476 cover?
Section WA.58.476 ("DEPOSIT OF BONDS TO SECURE INTERIM 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.58.476?
A common citation format is "The Texas Constitution § WA.58.476" (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.58.476 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.