Texas Special District Local Laws Code § 1085.205 Refunding Bonds

Sec. 1085.205. 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 outstanding bonds; or

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

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Section: Previous  1085.157  1085.158  1085.159  1085.201  1085.202  1085.203  1085.204  1085.205  1085.206  1085.251  1085.252  1085.253  1085.254  1085.301  1085.302  Next

Last modified: September 28, 2016