Authority bonds may be:
- (1) sold for cash;
- (2) issued on terms the board determines in exchange for any property, or any interest in property, that the board considers necessary or convenient for the corporate purpose for which the bonds are issued; or
- (3) issued in exchange for principal amounts or other obligations of the authority, whether matured or unmatured.
Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692), Sec. 1, eff. May 29, 2025.