Sec. 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, Sec. 1, eff. Sept. 1, 1997.
Last modified: September 28, 2016