60 chapters · 2,294 sections in this title.
Tex. Natural Resources Code § 162.047 Bonds As Investments and Security
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Sec. 162.047. BONDS AS INVESTMENTS AND SECURITY. (a) Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and the sinking funds of cit…
Tex. Natural Resources Code § 162.048 Taxation of Bonds
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Sec. 162.048. TAXATION OF BONDS. The bonds are exempt from any tax by the state and by cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state. Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.
Tex. Natural Resources Code § 162.049 Payment of Principal and Interest
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Sec. 162.049. PAYMENT OF PRINCIPAL AND INTEREST. The comptroller shall pay the principal on bonds as they mature and the interest as it becomes payable. Payments shall be made at the place of payment designated on the bonds. Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.…
Tex. Natural Resources Code § 162.050 Constitutional Appropriations
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Sec. 162.050. CONSTITUTIONAL APPROPRIATIONS. (a) If, during the existence of the fund or during the time any general obligation bonds are payable from the fund, the board determines that there will not be sufficient money in the fund during the following biennium available to pay…