Texas Special District Local Laws Code
Sec. § 1068.205
Refunding Bonds


(a)

The board may issue refunding bonds to refund outstanding indebtedness issued or assumed by the district.

(b)

Refunding bonds may be:

(1)

sold, with the proceeds of the refunding bonds 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Source
Last accessed
Jun. 9, 2018