Texas Government Code § 1233.201 Type And Denomination Of Bond

Sec. 1233.201. TYPE AND DENOMINATION OF BOND. A college savings bond:

(1) must be a:

(A) zero coupon bond;

(B) capital appreciation bond;

(C) compound interest bond;

(D) municipal multiplier bond;

(E) capital accumulator bond; or

(F) similar type of bond that will encourage the purchaser to hold the bond until maturity; and

(2) must be issued in small denominations, in accordance with guidelines established by the committee to make the bonds attractive for financing the costs of higher education.

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

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Last modified: September 28, 2016