Texas Special District Local Laws Code § 1086.205 Refunding Bonds

Sec. 1086.205. REFUNDING BONDS. (a) District refunding bonds may be issued to refund outstanding indebtedness 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 indebtedness; or

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

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Section: Previous  1086.156  1086.157  1086.158  1086.159  1086.160  1086.201  1086.202  1086.203  1086.204  1086.205  1086.206  1086.207  1086.208  1086.251  1086.252  Next

Last modified: September 28, 2016