Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1114.206 - Refunding Bonds(a) District refunding bonds may be issued to refund outstanding bonded indebtedness of the district.(b) A refunding bond may be: (1) sold, with the proceeds of the refunding bond applied to the payment of outstanding bonded indebtedness; or(2) exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.Tex. Spec. Dist. Loc. Laws § 1114.206
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.01, eff. 4/1/2015.