Tex. Water Code § 55.523
This is the official text of Tex. Water Code § 55.523, part of Texas’s Water Code — governs water rights and water resource management.
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§ 55.523. ISSUING REFUNDING BONDS WHICH PLACE A GREATER BURDEN ON THE DISTRICT.
Official statutory text
If the district issues refunding bonds for a greater amount, for a greater rate of interest, or for a longer period of maturity than the bonds which they are to replace or if the refunding bonds in any other respect create a greater burden on the district, the district shall submit the question of whether or not it should issue the refunding bonds to the voters of the district.
Status: in_force · Read it on the official government site
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