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Texas Special District Local Laws Code - SDLL § 1113.206. Refunding Bonds

Current as of April 14, 2021 | Updated by FindLaw Staff

(a) District refunding bonds may be issued without an election and 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 outstanding bonds;  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.  (Acts 59th Leg., R.S., Ch. 6, Sec. 6 (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1113.206. Refunding Bonds - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1113-206.html

Read this complete Texas Special District Local Laws Code - SDLL § 1113.206. Refunding Bonds on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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