Purchase of Bonds By Authority

Tex. Local Government Code § 392.089, under Housing Authorities Established By Municipalities and Counties.

Tex. Local Government Code § 392.089

Sec. 392.089. PURCHASE OF BONDS BY AUTHORITY. An authority may purchase its bonds at a price not greater than the principal and accrued interest of the bonds. Bonds purchased by an authority shall be canceled. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.