{"data":{"id":"us-tx/tex.-government-code-1507.158","jurisdiction":"us-tx","citation":"Tex. Government Code § 1507.158","heading":"REDEMPTION OF BONDS.","body":"After the recovery of a loss described by Section 1507.151 or the failure of an anticipated loss described by Section 1507.151 to occur, the governing body shall promptly redeem bonds issued to cover the loss or anticipated loss in a principal amount equal to the amount recovered or the amount of anticipated loss that did not occur.\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 1507. OBLIGATIONS RELATING TO MUNICIPAL DEBT AND EXPENSES","SUBCHAPTER D. TAX BONDS FOR PAYMENT OF CURRENT EXPENSES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1507.htm#1507.158","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"25f8b0874e6fb691575e73a34db202a8a978e42f64a4ff85b0b39d6fda21335b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1507.157","next":"us-tx/tex.-government-code-1507.159"},"notice":"GroundRules: Original legal text. Not legal advice."}