Tex. Spec. Dist. Local Laws Code Section 1075.205
Refunding Bonds


(a)

District refunding bonds may, without an election, be issued to refund any bonds or other refundable indebtedness issued 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 bonds or other refundable indebtedness; or

(2)

exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds or other refundable indebtedness.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Source: Section 1075.205 — Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1075.­htm#1075.­205 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 1075.205’s source at texas​.gov