Tex. Spec. Dist. Local Laws Code Section 1006.205
Refunding Bonds


The board may issue refunding bonds to refund outstanding general obligation bonds or other refundable indebtedness issued by the district.


A refunding bond may be:


sold, with the proceeds of the refunding bond applied to the payment of the bonds or other refundable indebtedness to be refunded; or


exchanged in whole or in part for not less than a like principal amount of the bonds or other refundable indebtedness to be refunded.


If a refunding bond is sold, the bond must be issued and the payments must be made in the manner provided by Subchapters B (Authority to Deposit with Comptroller) and C, Chapter 1207 (Refunding Bonds), Government Code.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Section 1006.205 — Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1006.­htm#1006.­205 (accessed Dec. 2, 2023).

Dec. 2, 2023

§ 1006.205’s source at texas​.gov