{"data":{"id":"us-tx/tex.-government-code-1201.025","jurisdiction":"us-tx","citation":"Tex. Government Code § 1201.025","heading":"RATE OF INTEREST.","body":"(a) An interest rate on a public security that bears interest may be fixed, variable, floating, adjustable, or computed by another method.\n(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.\nAdded 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.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 1201. PUBLIC SECURITY PROCEDURES ACT","SUBCHAPTER B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm#1201.025","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"8186356e8d69e80d8a89fab3190f91c4e40aef48d6a6b1370c008f755568f04e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1201.0245","next":"us-tx/tex.-government-code-1201.026"},"notice":"GroundRules: Original legal text. Not legal advice."}