Sec. 163.088. 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.
Added by Acts 2015, 84th Leg., R.S., Ch. 1162 (S.B. 776), Sec. 3, eff. September 1, 2015.
Section: Previous 163.081 163.082 163.083 163.084 163.085 163.086 163.087 163.088 163.089 163.090 163.101 163.102 163.121 163.122 163.123 NextLast modified: September 28, 2016