Tex. Spec. Dist. Local Laws Code § 1010.208 · Subchapter E. BONDS
REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to bonds approved in an election held before May 31, 1991.
(b) Except as provided by Subsection (c) and notwithstanding any legal defect in the incurrence, issuance, or assumption of the obligation or indebtedness, the board may issue and sell bonds in the name and on the faith and credit of the district to refund or fund and retire any outstanding obligation or other indebtedness the district has incurred, issued, or assumed.
(c) The board may not use the power granted by this section to convert Farmers Home Administration bonds to tax bonds.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1010.htm
- Text hash
- sha256 09c813a3855ffffcd4df9c6050e061f290509c23f6b5e6c5e9acf66a1cea096b
- 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.