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


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


Refunding bonds may be:


sold, with the proceeds of the refunding bonds applied to the payment of the outstanding indebtedness; or


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.
Last accessed
Apr. 11, 2021