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Texas Government Code - GOV'T § 1507.101. Authority to Issue Refunding Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

The governing body of a municipality by ordinance may issue refunding bonds in accordance with Subchapters A and D,  1 Chapter 1207, to refund outstanding refunding bonds:

(1) that:

(A) a federal court by decree adjudicated to be valid;  or

(B) were issued under a plan for the adjustment of the municipality's debts confirmed by a bankruptcy court under Title 11, United States Code;  and

(2) that were issued under the authority of an ordinance specifying a minimum fixed tax rate to be imposed in each year during which any of those bonds or interest on those bonds is outstanding.

1  V.T.C.A., Government Code § 1207.081 et seq.
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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1507.101. Authority to Issue Refunding Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1507-101/

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