Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 7502.205 - Capitalized Interest and Discount on Bonds(a) Capitalized interest on bonds issued under this subchapter may not exceed two years.(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.
Tex. Spec. Dist. Loc. Laws § 7502.205
Added by Acts 2005, 79th Leg., Ch. 729, Sec. 1.05, eff. 4/1/2007.