Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle B. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY STATE GOVERNMENT |
Chapter 1233. COLLEGE OPPORTUNITY ACT |
Subchapter E. ISSUANCE, SALE, AND MARKETING |
Sec. 1233.202. REDEMPTION PRICE
Latest version.
-
A college savings bond may not be callable before maturity at a price less than its stated value at maturity except:
(1) under a mandatory redemption or call provision of the resolution authorizing the bond; or
(2) as otherwise authorized by law.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.