Texas Special District Local Laws Code § 7502.205 Capitalized Interest And Discount On Bonds

Sec. 7502.205. CAPITALIZED INTEREST AND DISCOUNT ON BONDS. (a) Capitalized interest on bonds issued under this subchapter may not exceed two years.

(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.

Section: Previous  7502.057  7502.058  7502.101  7502.102  7502.103  7502.104  7502.105  7502.151  7502.152  7502.153  7502.201  7502.202  7502.203  7502.204  7502.205

Last modified: September 28, 2016