Sec. 45.0541. ELIGIBILITY OF CHARTER DISTRICT BONDS

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To be eligible for approval by the commissioner, charter district bonds must:
(1) without the guarantee, be rated as investment grade by a nationally recognized investment rating firm; and
(2) be issued under Chapter 53.

Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 4 , Sec. 59.06, eff. September 28, 2011.

                    
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