Tex. Water Code § 54.512
This is the official text of Tex. Water Code § 54.512, part of Texas’s Water Code — governs water rights and water resource management.
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§ 54.512. SALE OR EXCHANGE OF BONDS.
Official statutory text
(a) The board shall sell the bonds on the best terms and for the best possible price but none of the bonds may be sold for less than 95 percent of face value.
(b) The district may exchange bonds for property acquired by purchase or in payment of the contract price of work done or services performed for the use and benefit of the district.
(b) The district may exchange bonds for property acquired by purchase or in payment of the contract price of work done or services performed for the use and benefit of the district.
Status: in_force · Read it on the official government site
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