Tex. Water Code § 58.396
This is the official text of Tex. Water Code § 58.396, part of Texas’s Water Code — governs water rights and water resource management.
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§ 58.396. LOANS ACCOMPLISHED BY SALE OF DISTRICT BONDS.
Official statutory text
If the loan is secured by the sale of district bonds, the district may enter into an obligation to be conditioned conformably with the usages of investment banking to repurchase the bonds within the five-year period immediately following the date of the loan.
Status: in_force · Read it on the official government site
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