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Tex. Transportation Code § 317.154

TERMS OF ISSUANCE OF REVENUE REFUNDING BONDS

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 317.154, TERMS OF ISSUANCE OF REVENUE REFUNDING BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/569802
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(a) Revenue refunding bonds may: (1) be combined with new or original revenue bonds into one series or issue; (2) be issued to refund bonds of more than one series or issue; (3) combine the pledges securing the bonds to be refunded to secure the revenue refunding bonds; or (4) be secured by a pledge of other or additional net revenue. (b) Revenue refunding bonds may bear interest at a rate higher than that of the bonds to be refunded.