Texas Education Code - Section 45.035. Refunding Bonds
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§ 45.035. REFUNDING BONDS. Revenue bonds issued by a
board, city council or commission, or commissioners court under
this subchapter and revenue bonds issued by a board, city council or
commission, or commissioners court under other law and payable from
revenues from facilities described by Section 45.031 may be
refunded or otherwise refinanced by the board, city council or
commission, or commissioners court, and in that case all
appropriate provisions of this subchapter apply to the refunding
bonds. In refunding or otherwise refinancing any such bonds, the
board, city council or commission, or commissioners court may, in
the same authorizing proceedings, refund or refinance bonds issued
pursuant to this code and bonds issued pursuant to any other law,
may combine all refunding bonds and any other additional new bonds
to be issued under this chapter into one or more issues or series of
bonds, and may provide for the subsequent issuance of additional
parity bonds, or subordinate lien bonds, or other type of bonds.
All refunding bonds must be issued and delivered under the terms set
forth in the authorizing proceedings.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 45.004 45.005 45.006 45.031 45.032 45.033 45.034 45.035 45.036 45.051 45.052 45.053 45.054 45.055 45.056
Last modified: August 10, 2007
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