Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1201.025: RATE OF INTEREST.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 1201. PUBLIC SECURITY PROCEDURES ACT
SUBCHAPTER B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY

(a) An interest rate on a public security that bears interest may be fixed, variable, floating, adjustable, or computed by another method.

(b) If an interest rate is not specified by the governing body of an issuer issuing a public security, the interest rate is determined by a formula or contractual arrangement for the periodic determination of the rate.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.001, eff. Sept. 1, 2001.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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