{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7502.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7502.205","heading":"CAPITALIZED INTEREST AND DISCOUNT ON BONDS.","body":"(a) Capitalized interest on bonds issued under this subchapter may not exceed two years.\n(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.\nAdded by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE D. IRRIGATION DISTRICTS","CHAPTER 7502. LAKE PROCTOR IRRIGATION AUTHORITY OF COMANCHE COUNTY, TEXAS","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7502.htm#7502.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0286cb4cd43f20bda75ed533b78cbf94fff6d0f54a8cfaa6af5279756ea80a3d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7502.204","next":"us-tx/tex.-special-district-local-laws-code-7502.206"},"notice":"GroundRules: Original legal text. Not legal advice."}