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


The board may, without an election, issue refunding bonds to refund outstanding indebtedness issued or assumed by the district.


A refunding bond may be:


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


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.
Last accessed
Aug. 20, 2019