Texas Education Code - Section 52.12. Refunding Bonds
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§ 52.12. REFUNDING BONDS. (a) The board may provide by
resolution for the issuance of refunding bonds for the purpose of
refunding any bonds issued under the provisions of this chapter and
then outstanding, together with accrued interest on them.
(b) The issuance of the refunding bonds, the maturities, and
all other details of the bonds, the rights of the holders, and the
duties of the board with respect to the bonds, shall be governed by
the applicable provisions of Section 52.11 of this code.
(c) The refunding bonds may be exchanged for the outstanding
bonds or may be sold and the proceeds used to retire the outstanding
bonds.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971.
Section: 51.967 51.968 52.01 52.02 52.03 52.04 52.11 52.12 52.13 52.14 52.15 52.16 52.17 52.18 52.19
Last modified: August 10, 2007
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