Sec. 375.204. REFUNDING BONDS. (a) Bonds issued under this chapter may be refunded or otherwise refinanced by the issuance of refunding bonds under terms or conditions determined by order or resolution of the board. Refunding bonds may be issued in amounts necessary to pay the principal of and interest and redemption premium, if any, on bonds to be refunded, at maturity or on any redemption date, and to provide for the payment of costs incurred in connection with the refunding.
(b) The refunding bonds shall be issued in the manner provided by this chapter for other bonds.
Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.
Section: Previous 375.164 375.165 375.181 375.182 375.201 375.202 375.203 375.204 375.205 375.206 375.207 375.208 375.209 375.221 375.222 NextLast modified: September 28, 2016