Tex. Special District Local Laws Code § 1013.207
This is the official text of Tex. Special District Local Laws Code § 1013.207, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 1013.207. REFUNDING BONDS.
Official statutory text
(a) The board may, without an election, issue refunding bonds to refund outstanding bonds issued or assumed by the district.
(b) A refunding bond may be:
(1) sold, with the proceeds of the refunding bonds applied to the payment of the bonds to be refunded; or
(2) exchanged wholly or partly for not less than a similar amount of outstanding bonds and the unpaid matured interest on the bonds.
(b) A refunding bond may be:
(1) sold, with the proceeds of the refunding bonds applied to the payment of the bonds to be refunded; or
(2) exchanged wholly or partly for not less than a similar amount of outstanding bonds and the unpaid matured interest on the bonds.
Status: in_force · Read it on the official government site
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