Tex. Spec. Dists. Code § 1050.207

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1050.207 - Refunding Bonds

(a) The board may issue refunding bonds to refund outstanding indebtedness issued or assumed by the district.

(b) A refunding bond may be:

(1) sold, with the proceeds of the refunding bond applied to the payment of the indebtedness to be refunded; or

(2) exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.

Tex. Spec. Dist. Loc. Laws § 1050.207

Added by Acts 2013, 83rd Leg. - Regular Session, ch. 1040,Sec. 10, eff. 6/14/2013.