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Tex. Special District Local Laws Code § 1040.206

REFUNDING BONDS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 1040.206, REFUNDING BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/587136
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(a) The board may, without an election, issue refunding bonds in the manner provided by this subchapter to refund outstanding bonds 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 bonds to be refunded; or (2) exchanged wholly or partly for not less than a similar amount of the outstanding bonds and the unpaid matured interest on those bonds.