Texas Special District Local Laws Code § 9059.207 Refunding Bonds

Sec. 9059.207. REFUNDING BONDS. (a) The district may issue refunding bonds without an election.

(b) District bonds may be refunded by:

(1) the issuance and delivery to holders of refunding bonds in lieu of the outstanding bonds; or

(2) the sale of refunding bonds and the use of the proceeds for retiring the outstanding bonds.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Section: Previous  9059.003  9059.004  9059.051  9059.052  9059.101  9059.102  9059.103  9059.104  9059.151  9059.201  9059.202  9059.203  9059.204  9059.205  9059.206

Last modified: September 28, 2016