Tex. Transp. Code § 367.063

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 367.063 - Sale or Exchange of Bonds

A bond issued under this subchapter may be:

(1) sold for cash at a public or private sale;

(2) issued in exchange for property of any kind or an interest in property of any kind, as the governing body of the municipality determines is necessary and proper to accomplish a purpose of this subchapter; or

(3) issued in exchange for a matured or unmatured bond of the same issue and in the same principal amount.

Tex. Transp. Code § 367.063

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.