Texas Education Code - Section 53B.35. Issuance Of Bonds; Procedure; Etc.
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§ 53B.35. ISSUANCE OF BONDS; PROCEDURE; ETC.. The bonds
shall be authorized by resolution adopted by a majority vote of a
quorum of the board. Bonds authorized under this section shall be
issued in accordance with Chapter 1201, Government Code. The bonds
shall mature serially or otherwise in not to exceed 50 years. The
rate of interest to be borne by the bonds shall not exceed the
maximum rate prescribed by Chapter 1204, Government Code.
Added by Acts 2005, 79th Leg., ch. 641, § 2, eff. Sept. 1, 2005.
Section: 53B.12 53B.13 53B.131 53B.14 53B.15 53B.31 53B.32 53B.35 53B.37 53B.38 53B.39 53B.40 53B.41 53B.42 53B.43
Last modified: August 10, 2007
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