{"data":{"id":"us-tx/tex.-government-code-1371.054","jurisdiction":"us-tx","citation":"Tex. Government Code § 1371.054","heading":"RATE OF INTEREST.","body":"(a) An obligation may bear no interest or bear interest at any rate or rates not to exceed the maximum net effective interest rate allowed by law, whether fixed, variable, floating, adjustable, or otherwise, as determined in accordance with the obligation authorization.\n(b) The obligation authorization may provide a formula, index, contract, or other arrangement for the periodic determination of interest rates.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE F. SPECIFIC AUTHORITY FOR STATE OR LOCAL GOVERNMENT TO ISSUE SECURITIES","CHAPTER 1371. OBLIGATIONS FOR CERTAIN PUBLIC IMPROVEMENTS","SUBCHAPTER B. ISSUANCE AND APPROVAL OF OBLIGATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1371.htm#1371.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"11478aafed6890115ea7e09d5063dfbbd6420c83b0679d0750302d6d445dcd30","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1371.053","next":"us-tx/tex.-government-code-1371.055"},"notice":"GroundRules: Original legal text. Not legal advice."}