Sec. 2210.605. TERMS OF ISSUANCE

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(a) The board shall determine the method of sale, type and form of public security, maximum interest rates, and other terms of the public securities that, in the board's judgment, best achieve the goals of the association and effect the borrowing at the lowest practicable cost. The board may enter into a credit agreement in connection with the public securities.
(b) Public securities must be issued by the board on behalf of the association.
(c) Public securities issued under Section 2210.6136 are eligible obligations under Section 404.027, Government Code.

Added by Acts 2009, 81st Leg., R.S., Ch. 1408 , Sec. 41, eff. June 19, 2009. Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 , Sec. 44, eff. September 28, 2011.

                    
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