Sec. 1067.207. REFUNDING BONDS. (a) The board may issue refunding bonds to refund any bond issued 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 other refundable indebtedness; or (2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds or other refundable indebtedness. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Refunding Bonds
Tex. Special District Local Laws Code § 1067.207, under Chapter 1067.
Tex. Special District Local Laws Code § 1067.207