Sec. 7502.205. CAPITALIZED INTEREST AND DISCOUNT ON BONDS

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(a) Capitalized interest on bonds issued under this subchapter may not exceed two years.
(b) A discount on bonds issued under this subchapter may not exceed five percent of the par value of the bonds.

Added by Acts 2005, 79th Leg., Ch. 729 , Sec. 1.05, eff. April 1, 2007.

                    
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