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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as otherwise provided by this section, refunding bonds may be issued without an election.
(b) The district may not issue refunding bonds to refund outstanding bonds of the city unless the district's assumption of those bonds is first authorized at an election in the district held in the manner provided by this chapter for bond elections.
(c) Refunding bonds payable wholly or partly from ad valorem taxes may not be issued to refund revenue bonds issued by the district or revenue bonds of the city assumed by the district unless the refunding bonds are authorized at an election held in the manner provided by this chapter for bond elections. (Acts 52nd Leg., R.S., Ch. 418, Sec. 7 (part).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 9019.205. Refunding Bond Election - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-9019-205/
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