GroundRules
Tex. Local Government Code § 507.153: BOND REQUIREMENTS.
Where this section sits in the code
- LOCAL GOVERNMENT CODE
- TITLE 12. PLANNING AND DEVELOPMENT
- SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT
- CHAPTER 507. SPACEPORT DEVELOPMENT CORPORATIONS
- SUBCHAPTER D. BONDS
Bonds issued under this chapter must:
(1) be payable only from the revenue of a spaceport developed by the spaceport development corporation issuing the bonds;
(2) mature not later than 50 years after the date of issuance; and
(3) state on their faces that the bonds are not an obligation of the State of Texas or a political subdivision of this state, other than the corporation that issued the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Collected 2026-08-27T01:47:27Z. Source file · JSON