Tex. Local Government Code § 322.076
This is the official text of Tex. Local Government Code § 322.076, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 322.076. REFUNDING BONDS.
Official statutory text
(a) Fully negotiable bonds may be issued by resolution of the board for the purpose of refunding bonds issued under this chapter.
(b) The refunding bonds may be secured in the manner provided by this chapter for securing original bonds.
(c) Refunding bonds may be sold and the proceeds used to retire the original bonds, or may be used in exchange for the original bonds, as provided in the resolution authorizing their issuance.
(b) The refunding bonds may be secured in the manner provided by this chapter for securing original bonds.
(c) Refunding bonds may be sold and the proceeds used to retire the original bonds, or may be used in exchange for the original bonds, as provided in the resolution authorizing their issuance.
Status: in_force · Read it on the official government site
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