Tex. Water Code § 53.181
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
At the time for paying interest or for redeeming the bonds, the district depository shall receive and cancel any interest coupons paid or any bonds redeemed. When the board receives an interest coupon or a bond, it shall credit the account of the depository with the amount received. The board shall then cancel and destroy the bond or coupon.
Tex. Water Code § 53.181