Sec. 1014.207. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund any bonds issued or assumed by the district. (b) A refunding bond may be: (1) sold, with the proceeds of the refunding bond applied to the payment of the outstanding bonds; or (2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Refunding Bonds
Tex. Special District Local Laws Code § 1014.207, under Chapter 1014.
Tex. Special District Local Laws Code § 1014.207