Tex. Spec. Dist. Local Laws Code § 1047.204 · Subchapter E. BONDS
REFUNDING BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may issue refunding bonds to refund outstanding bonds issued by the district with the consent of the holders of the bonds to be refunded.
(b) Before issuing refunding bonds, any sum to the credit of any sinking fund account on hand shall be:
(1) deducted in determining the amount of refunding bonds to be issued; and
(2) applied to the payment of the outstanding 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.1047.htm
- Text hash
- sha256 41e4ab19e25e22ff2e5773b4cecea4bc82b0c5380cb6909f5327ef589566c7df
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 1047.204. Each shows the citation as that text prints it.
Special District Local Laws Code
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