Special District Local Laws Code § 5012.0206
The commission may declare an emergency if money is unavailable to meet the authority’s needs. Bond anticipation notes may bear interest up to 10 percent, must mature within one year, and must be taken up with bond proceeds or exchanged for bonds.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
bond anticipation notes bond proceeds interest maturity
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Special District Local Laws Code § 5012.0206
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in