1201.0245[2/2] – CAPITAL APPRECIATION BONDS BY POLITICAL
Texas Government Code § 1201.0245[2/2]
Summary
This law restricts political subdivisions from extending the maturity date of capital appreciation bonds, with limited exceptions. If an extension is allowed, it must result in a decrease in the total projected amount owed.
Political subdivisions cannot extend maturity dates of capital appreciation bonds.
Extensions are only allowed if they reduce total projected amounts owed.
Applies to counties, municipalities, and other political entities.
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In simple terms: Learn about Texas's CAPITAL APPRECIATION BONDS BY POLITICAL law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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