Tex. Natural Resources Code § 161.114
This is the official text of Tex. Natural Resources Code § 161.114, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 161.114. PAYMENT AND MATURITY OF BONDS.
Official statutory text
(a) The bonds shall be payable as provided by the board and shall mature serially or otherwise not later than 40 years from their date.
(b) Bonds previously issued shall mature according to their provisions.
(c) The board shall determine the medium of payment for both principal of and interest on the bonds.
(d) The board at its own option may make the bonds redeemable or subject to tender for purchase before maturity at the price and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.
(b) Bonds previously issued shall mature according to their provisions.
(c) The board shall determine the medium of payment for both principal of and interest on the bonds.
(d) The board at its own option may make the bonds redeemable or subject to tender for purchase before maturity at the price and under the terms and conditions fixed by the board in the resolution providing for the issuance and sale of the bonds.
Status: in_force · Read it on the official government site
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