Water Code § 58.476
The board must deposit certain district bonds in the district depository while interim bonds are being issued and sold, and the deposited bonds must total at least 110% of the secured interim bonds’ principal. The interim bonds’ interest rate cannot be higher than the interest rate on the deposited bonds.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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bonds funding interest rates
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Water Code § 58.476
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