Tex. Water Code Section 53.184
Refunding Bonds

(a)

With the consent of the holders, a district may refund outstanding bonds by issuing new coupon bonds in their place.

(b)

Interest is shown by coupons attached to the bonds. The board may pay the interest on the bonds annually or semiannually.

(c)

The board may pay the refunding bonds serially or in any other manner it chooses, but it shall pay the bonds not later than 40 years from the date the bonds are issued.

(d)

The board shall issue the bonds in denominations of $100 or a multiple of $100. The board shall levy a tax sufficient to meet the payment of principal of and interest on the refunding bonds before the bonds are delivered. The refunding of bonds does not affect any taxes already due.

(e)

The board shall issue refunding bonds in the manner provided for other district bonds. The board shall deduct any sum on hand to the credit of any sinking fund account in ascertaining the amount of refunding bonds to be issued, and it shall apply the money to the payment of the outstanding bonds.

(f)

The board shall not issue refunding bonds until they are approved by the attorney general and registered by the comptroller. The comptroller shall not register the refunding bonds until the old bonds being replaced are presented to him for cancellation. After the comptroller registers the new bonds, he shall cancel the old bonds and interest coupons and deliver the new bonds to the proper bondholders. The district may present the old bonds for cancellation in installments, and the comptroller may register and deliver a like amount of the new bonds.
Acts 1971, 62nd Leg., p. 417, ch. 58, Sec. 1, eff. Aug. 30, 1971.

Source: Section 53.184 — Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­53.­htm#53.­184 (accessed Jun. 5, 2024).

53.001
Definitions 53.011
Creating a District 53.012
Cities and Towns 53.013
Presenting Petition 53.014
Requisites of Petition 53.015
Deposit 53.016
Time and Place of Hearing 53.017
Notice 53.018
Posting Notice 53.019
Hearing Powers 53.020
Temporary Supervisors 53.021
Officers to Be Elected 53.029
Division of or Assumption of Authority by Certain Districts 53.030
Ordering Election 53.031
Order: Metes and Bounds 53.032
Order: Time of Election 53.033
Order: Election of Supervisors 53.034
Order: Division of Property and Money 53.040
Elected Supervisors Take Office 53.041
Completing Membership of the Board 53.042
Newly Elected Supervisors--term of Office 53.043
Powers of New District 53.061
Creation of District 53.062
Board of Supervisors 53.063
Supervisor’s Qualifications 53.072
Assessor and Collector’s Qualifications 53.073
Assessor and Collector’s Term of Office 53.075
Assessor and Collector’s Salary 53.088
Status of the District 53.101
Purpose of District 53.102
Constitutional Basis 53.103
Governmental Powers of District 53.104
Authority to Acquire Water Rights 53.105
Contracts with Other Districts or Water Supply Corporations 53.107
Distribution of Water and Use of Revenues Obtained from Distribution of Water 53.112
Use of Roadways 53.113
Constructing Improvements on Railroad Ways 53.115
Duties of Engineer 53.121
Constructing Sanitary Sewer Systems 53.122
Regulating Sanitary Conditions Inside the District 53.126
Effect of Enumeration of Powers 53.145
Payment of Election Expenses 53.146
Maintenance Fund 53.150
Payment of Damages 53.151
Cost of Sanitary Sewer Systems 53.171
Power to Issue Bonds 53.172
Ordering Bond Election 53.176
Issuing Bonds 53.177
Approving Bonds 53.178
Registering Bonds 53.179
Selling Bonds 53.180
Recording of Bond Issues 53.181
Paying Bonds and Interest 53.182
Bonds Payable from Revenues and Ad Valorem Taxes 53.183
Election Required 53.184
Refunding Bonds 53.185
Rates and Charges 53.186
Interest and Sinking Fund 53.187
Investment of Sinking Fund 53.188
Levy of Taxes 53.189
Assessor and Collector--office 53.190
Subject to Rules of Board
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 53.184’s source at texas​.gov