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Texas Utilities Code - Section 163.068. Bond Anticipation Notes

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§ 163.068. BOND ANTICIPATION NOTES.  (a) The agency may 
issue bond anticipation notes:
		(1)  for any purpose for which the agency may issue 
bonds;  or              
		(2)  to refund previously issued bond anticipation 
notes or nonnegotiable purchase money notes.
	(b)  Bond anticipation notes are subject to the limitations 
and conditions prescribed by this subchapter for bonds.
	(c)  The agency may contract with purchasers of bond 
anticipation notes that the proceeds of one or more series of bonds 
will be used to pay or refund the notes.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007