Sec. 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. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.
Capitalized Interest and Discount On Bonds
Tex. Special District Local Laws Code § 7502.205, under Lake Proctor Irrigation Authorityof Comanche County, Texas.
Tex. Special District Local Laws Code § 7502.205