Tex. Local Government Code § 306.054
This is the official text of Tex. Local Government Code § 306.054, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 306.054. REFUNDING BONDS.
Official statutory text
(a) The board may issue refunding bonds for the purpose of refunding one or more series or installments of outstanding original or refunding revenue bonds of the board.
(b) The refunding bonds must be issued, approved by the attorney general, and registered with the comptroller of public accounts in the manner and on the terms and conditions prescribed by this chapter for the issuance of original bonds.
(c) Refunding bonds must bear interest at rates not to exceed that provided by this chapter for original bonds.
(b) The refunding bonds must be issued, approved by the attorney general, and registered with the comptroller of public accounts in the manner and on the terms and conditions prescribed by this chapter for the issuance of original bonds.
(c) Refunding bonds must bear interest at rates not to exceed that provided by this chapter for original bonds.
Status: in_force · Read it on the official government site
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