Tex. Transp. Code Section 317.154
Terms of Issuance of Revenue Refunding Bonds


(a)

Revenue refunding bonds may:

(1)

be combined with new or original revenue bonds into one series or issue;

(2)

be issued to refund bonds of more than one series or issue;

(3)

combine the pledges securing the bonds to be refunded to secure the revenue refunding bonds; or

(4)

be secured by a pledge of other or additional net revenue.

(b)

Revenue refunding bonds may bear interest at a rate higher than that of the bonds to be refunded.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.

Source: Section 317.154 — Terms of Issuance of Revenue Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­317.­htm#317.­154 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 317.154’s source at texas​.gov