GroundRules
Tex. Special District Local Laws Code § 5012.0203: TERMS OF ISSUANCE.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 5. TRANSPORTATION
- SUBTITLE A. NAVIGATION DISTRICTS AND PORT AUTHORITIES
- CHAPTER 5012. SABINE PASS PORT AUTHORITY
- SUBCHAPTER E. BONDS
Authority bonds may be:
(1) sold for cash;
(2) issued on terms the commission determines in exchange for any property, or any interest in property, that the commission considers necessary or convenient for the corporate purpose for which the bonds are issued; or
(3) issued in exchange for like principal amounts of other obligations of the authority, whether matured or unmatured.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.
Collected 2026-08-27T01:47:41Z. Source file · JSON