Refunding Bonds

Tex. Transportation Code § 284.041, under Causeways, Bridges, Tunnels, Turnpikes, Ferries, and Highways In Certain Counties.

Tex. Transportation Code § 284.041

Sec. 284.041. REFUNDING BONDS. Subject to any restriction in a bond instrument, a refunding bond may not be delivered unless delivered in exchange for the bond authorized to be refunded or unless sold and delivered to provide money for the payment of a matured or redeemable bond maturing or redeemable within three months. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.