Amount of Principal

Sec. 1207.023. AMOUNT OF PRINCIPAL. Refunding bonds for which a deposit is made under this subchapter or Subchapter C may be issued in an additional amount sufficient to: (1) pay the cost and expense of issuing the bonds; or (2) finance a debt service reserve, contingency, or other similar fund the issuer considers necessary or advisable. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.