Texas Special District Local Laws Code
Sec. § 1069.254
Refunding Bonds


(a)

The board may, without an election, 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 outstanding indebtedness; or

(2)

exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Source
Last accessed
Aug. 20, 2019