Tex. Gov't Code Section 1207.022
Limitation

An issuer may issue refunding bonds to make a deposit under this subchapter or Subchapter C only in connection with refunding bonds issued to refund obligations that are:

(1)

scheduled to mature not later than the 20th anniversary of the date of the refunding bonds; or

(2)

subject to redemption before maturity not later than the 20th anniversary of the date of the refunding bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 8, eff. Sept. 1, 1999.

Source: Section 1207.022 — Limitation, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1207.­htm#1207.­022 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 1207.022’s source at texas​.gov