- (a) District bonds mature not more than 30 years after their date and bear interest at a rate ordered by the commissioners court but not more than six percent annually.
- (b) The bonds must provide the interest rate and the time, place, manner, and conditions of payment as ordered by the commissioners court.
- (c) The bonds may be payable annually or semiannually.
- (d) The bonds must be issued in denominations of not less than $100 nor more than $1,000.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.