Sec. 1054.204. REFUNDING BONDS. (a) The board may issue refunding bonds to refund outstanding indebtedness. (b) A refunding bond may be: (1) sold, with the proceeds of the refunding bond applied to the payment of the outstanding indebtedness; or (2) exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness. 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 § 1054.204, under Chapter 1054.
Tex. Special District Local Laws Code § 1054.204