{"data":{"id":"us-tx/tex.-government-code-1501.207","jurisdiction":"us-tx","citation":"Tex. Government Code § 1501.207","heading":"SALE OF DISTRICT PROPERTY.","body":"A district may sell to a municipality, and the municipality may buy, district property only if the purchase price paid, when added to other applicable money of the district, is sufficient to provide for the payment of:\n(1) all outstanding district bonds, including interest on the bonds to:\n(A) the maturity dates of the bonds; or\n(B) the dates the district sets for redemption of the bonds;\n(2) any required redemption premium; and\n(3) any applicable fee of the bank of payment.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1501. OBLIGATIONS FOR MUNICIPAL UTILITIES","SUBCHAPTER E. BONDS FOR IMPROVEMENT OF WATER AND SEWER SYSTEMS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1501.htm#1501.207","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"6184c4433de8f5287fc9df1f31b9473b84e804ab5660c1212ce7bd99853e698f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1501.206","next":"us-tx/tex.-government-code-1501.208"},"notice":"GroundRules: Original legal text. Not legal advice."}