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Texas Special District Local Laws Code - SDLL § 9023.157. Refunding bonds

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

(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. (Acts 51st Leg., R.S., Ch. 398, Sec. 5 (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 9023.157. Refunding bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-9023-157/

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