Tex. Water Code Section 56.212
Approval and Issuance of Refunding Bonds

(a)

If the board declares the result of the election under Section 56.211 (Refunding Bond Election) of this code to favor the issuance of refunding bonds and the levy of a tax to pay for the bonds, refunding bonds with the seal of the district affixed to them may be issued in the name of the district. The bonds shall be signed by the board president and attested and registered by the board secretary.

(b)

The bonds together with the record relating to them shall be submitted to the attorney general for his approval, as required by Section 49.184 (Approval of Bonds by Attorney General; Registration of Bonds).

(c)

When the attorney general approves the bonds, they shall be delivered to the comptroller who shall register them and deliver them in exchange for or on release of the obligations being refunded at the time, in the manner, and in the amounts prescribed in the order of the board. If the obligations being refunded are evidenced by outstanding securities, the comptroller shall cancel the outstanding securities concurrently with the registration and delivery of the bonds.

(d)

When the refunding bonds are approved by the attorney general and registered and delivered by the comptroller, the bonds are valid and binding obligations of the district and are incontestable for any cause.
Acts 1971, 62nd Leg., p. 519, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 2001, 77th Leg., ch. 298, Sec. 12, eff. Sept. 1, 2001.

Source: Section 56.212 — Approval and Issuance of Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­56.­htm#56.­212 (accessed Jun. 5, 2024).

56.001
Definitions 56.011
Creation of District 56.012
Name of Each District 56.013
Area Included in a District 56.014
Petition 56.015
Deposit 56.016
Time of Hearing 56.017
Notice 56.018
Hearing on the Petition 56.019
Findings 56.020
Engineer 56.021
Engineer’s Bond 56.022
Survey and Preliminary Plans 56.023
Map 56.024
Hearing on Preliminary Report 56.025
Changing the Preliminary Report 56.026
Adopting the Preliminary Report 56.033
Alternate Procedure for Creation 56.061
Creation of Board 56.062
Eligibility Requirements for Directors 56.064
Election of Directors 56.069
Transfer of Board’s Power to Commissioners Court 56.082
Hearing 56.111
Control and Repair of District Improvements 56.115
Duties of the Engineer 56.116
Maps and Estimates 56.120
Railroad Culverts 56.121
Road Culverts 56.122
Constructing Bridges and Culverts in Certain Counties 56.123
Change in Plans Without Additional Expenditures 56.124
Change in Plans with Additional Expenditures 56.125
Additional Improvements 56.126
Changes, Additions, and Improvements 56.128
Injuring Drainage Canal or Ditch 56.135
Interest in Drainage Contract 56.140
Public and Private Improvements 56.141
Outside Drains 56.142
Enlargement of Canals, Drains, and Other Outlets 56.143
Contract for Improvements with the United States 56.144
Interlocal Agreements 56.182
District Funds 56.201
Authority to Issue Bonds 56.202
Issuance of Bonds 56.203
Record Book for Bonds 56.204
Bonds: Requisites 56.205
Bonds: Approval 56.207
Bonds: Sale 56.209
Use of Unsold Bonds for Maintenance Purposes 56.210
Refunding Bonds 56.211
Refunding Bond Election 56.212
Approval and Issuance of Refunding Bonds 56.213
Tax Anticipation Notes 56.241
Levy of Taxes to Pay for Bonds 56.242
Maintenance Tax 56.247
Levying Taxes on the Benefit Basis 56.248
Authorizing Taxation on the Benefit Basis for Newly Created Districts 56.249
Authorizing Taxation on the Benefit Basis for Existing District 56.250
Law Governing Districts Levying Taxes on the Benefit Basis 56.251
Determining Acreage in the District 56.291
Authority to Dissolve a District 56.292
Petition 56.293
Deposit 56.294
Election 56.295
Result of the Election 56.296
Settlement of Debts 56.297
Dissolution Tax 56.299
Retirement of Bonds 56.300
Trustee 56.301
Trustee’s Bond 56.302
Trustee’s Compensation 56.303
Powers of the Trustee 56.304
Expenses of the Trustee 56.305
Presentation of Claims 56.306
Approval of Claim 56.307
Appeal 56.308
Rejection of Claim 56.309
Bonds and Approved Claims 56.310
Contesting Claim 56.311
Final Report of Trustee 56.0641
Election Procedures 56.0642
Applicability to Special Law Districts 56.751
Petition for Annexation 56.752
Hearing on Determination of Petition 56.753
Notice of Hearing 56.754
Elections to Approve Annexation of Territory 56.755
Notice and Procedure of Election 56.756
Liability of Added Territory 56.801
Consolidation of Districts 56.802
Consolidation by Agreement 56.803
Consolidation by Petition 56.804
Time of Holding Election 56.805
Ballot 56.806
Canvass 56.807
Governing Consolidated Districts 56.808
Title to Property 56.809
Unexpended Bond Proceeds 56.810
Fiscal Year
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 56.212’s source at texas​.gov