Tex. Water Code § 62.204
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The refunding bonds shall be sold by the commission at not less than their par value, delivered to the holders of not less than a like par amount of the bonds of the district authorized to be refunded in exchange for the prior bond obligations, or sold in part and exchanged in part.
Tex. Water Code § 62.204