Tex. Water Code § 20.074

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 20.074 - Revenue Bonds
(a) The board may issue revenue bonds in the name of the authority to finance the cost of acquisition of political subdivision bonds and to pay the cost of bond issuance.
(b) The board may provide for payment of the premium, principal of, and interest on revenue bonds by pledging all or part of the revenue derived from political subdivision bonds acquired or to be acquired by the authority or from other sources of funds available to the authority.

Tex. Water Code § 20.074

Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. 6/20/1987.