Tex. Spec. Dist. Local Laws Code Section 9059.207
Refunding Bonds

(a)

The district may issue refunding bonds without an election.

(b)

District bonds may be refunded by:

(1)

the issuance and delivery to holders of refunding bonds in lieu of the outstanding bonds; or

(2)

the sale of refunding bonds and the use of the proceeds for retiring the outstanding bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Source: Section 9059.207 — Refunding Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9059.­htm#9059.­207 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 9059.207’s source at texas​.gov