Tex. Special District Local Laws Code § 1009.205
REFUNDING BONDS
Texas · Texas Special District Local Laws Code · Status: effective
Cite this
- Citation
- Tex. Special District Local Laws Code § 1009.205, REFUNDING BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/585097
- Permanent ID
ys:prov:585097@1- SHA-256
bc0e638257c93d2c43e6e63455a794464a51022a37ef398c5ee165ea42d84f44
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The board may, without an election, issue refunding bonds to refund outstanding general obligation bonds issued or assumed by the district.
(b) A refunding bond may be:
(1) sold, with the proceeds of the refunding bond applied to the payment of the bonds to be refunded; or
(2) exchanged in whole or in part for not less than a like principal amount of the bonds to be refunded.
(c) If a refunding bond is sold, the bond must be issued and the payments must be made in the manner provided by Subchapters B and C, Chapter 1207, Government Code.