Tex. Gov't Code § 1207.024 · Subchapter B. ADVANCE REFUNDING PROCEDURES
METHODS AND TERMS OF SALE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Refunding bonds issued to make a deposit under this subchapter or Subchapter C shall be sold for cash in a principal amount necessary to provide all or part of the money required to:
(1) pay the principal of the obligations to be refunded and the interest to accrue on those obligations to their maturity; or
(2) redeem the obligations to be refunded, before maturity, on the date or dates the obligations are subject to redemption, including the principal, interest to accrue on the obligations to their redemption date or dates, and any required redemption premium.
(b) The refunding bonds:
(1) shall be sold under the terms and procedures for the sale as determined by the governing body of the issuer; and
(2) may be sold at public or private sale.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1207.htm
- Text hash
- sha256 b1677b8789645376ae009b0cb8475b94e83e0c9f5f958cab10172f5342b4f36b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.