Texas Special District Local Laws Code § 1014.207 Refunding Bonds

Sec. 1014.207. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund any bonds issued or assumed by the district.

(b) A refunding bond may be:

(1) sold, with the proceeds of the refunding bond applied to the payment of the outstanding bonds; or

(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Section: Previous  1014.154  1014.155  1014.156  1014.157  1014.158  1014.201  1014.202  1014.203  1014.204  1014.205  1014.206  1014.207  1014.208  1014.251  1014.252  Next

Last modified: September 28, 2016