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

Tex. Special District Local Laws Code § 8506.209: POWER OF AUTHORITY TO PURCHASE BONDS ISSUED BY AUTHORITY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 6. WATER AND WASTEWATER
SUBTITLE G. RIVER AUTHORITIES
CHAPTER 8506. UPPER COLORADO RIVER AUTHORITY
SUBCHAPTER E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS

(a) Using any money available for the purpose, the authority may purchase bonds issued by it at a price not exceeding the redemption price applicable at the time of purchase, or, if the bonds are not redeemable, at a price not exceeding the principal amount of the bonds plus accrued interest.

(b) All bonds purchased under this section shall be canceled, and bonds may not be issued in lieu of those bonds.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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