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 7502.205Last modified: September 28, 2016