Tex. Spec. Dist. Local Laws Code Section 1044.207
Refunding Bonds


(a)

The board may issue refunding bonds 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 the outstanding indebtedness; or

(2)

exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.
Added by Acts 2015, 84th Leg., R.S., Ch. 377 (H.B. 797), Sec. 4, eff. June 10, 2015.

Source: Section 1044.207 — Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1044.­htm#1044.­207 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 1044.207’s source at texas​.gov