Tex. Local Government Code § 293.055
This is the official text of Tex. Local Government Code § 293.055, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 293.055. REFUNDING BONDS.
Official statutory text
(a) The authority may issue bonds for the purpose of refunding outstanding bonds. Refunding bonds may be issued in the manner provided by this chapter for the issuance of other bonds, except that an election is not required.
(b) The comptroller may exchange the refunding bonds for the outstanding bonds or the authority may sell the refunding bonds and apply the proceeds according to Subchapter B or C, Chapter 1207, Government Code.
(b) The comptroller may exchange the refunding bonds for the outstanding bonds or the authority may sell the refunding bonds and apply the proceeds according to Subchapter B or C, Chapter 1207, Government Code.
Status: in_force · Read it on the official government site
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