Tex. Gov't Code § 1431.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1431.005 - General Limitation

An issuer may not use proceeds of an anticipation note to repay interfund or other borrowing that occurred earlier than 24 months before the date of the ordinance or order authorizing the issuance of the note.

Tex. Gov't. Code § 1431.005

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.