Tex. Gov't Code § 1207.082 · Subchapter D. EXCHANGE REFUNDING PROCEDURES
LIMITATION ON AUTHORITY TO PARTIALLY REFUND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An issuer may issue refunding bonds to be exchanged under this subchapter to refund part of an outstanding issue of bonds, notes, or other obligations only if the issuer demonstrates to the attorney general at the time of the refunding that, based on then current conditions, the issuer will have adequate resources available at the times required to provide for the payment of the unrefunded part of the outstanding issue when due.
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 238fa6e8aa4cc85eda36bc9802531e2effe4198e2344fd3b85770a57f5c56ea6
- 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.