The bonds of each issue shall mature, serially or otherwise, not more than 50 years from their date of issuance.
Official text of the Texas Water Code as published by the Texas Legislative Council.
Water Code › Title 2 › Chapter 17 › Subchapter B
Texas Water Code § 17.016
Maturity of Bonds
Public Funding · Water Development Bonds
Legislative history
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.