Tex. Local Gov't Code Section 254.084
Terms of Issuance of Revenue Refunding Obligations

(a)

Revenue refunding obligations may:

(1)

be combined with new or original revenue obligations into one series or issue;

(2)

be issued to refund obligations of more than one series or issue;

(3)

combine the pledges securing the obligations to be refunded to secure the revenue refunding obligations; or

(4)

be secured by a pledge of other or additional net revenue.

(b)

A revenue refunding obligation may bear interest at a rate higher than that of the obligation to be refunded.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.

Source: Section 254.084 — Terms of Issuance of Revenue Refunding Obligations, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­254.­htm#254.­084 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 254.084’s source at texas​.gov