Tex. Spec. Dist. Local Laws Code § 1103.205 · Subchapter E. BONDS
REFUNDING BONDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) District refunding bonds may, without an election, be issued to refund any bonds issued or assumed by the district.
(b) A refunding bond may be:
(1) sold, with the proceeds of the refunding bond applied to the payment of outstanding bonds; or
(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1103.htm
- Text hash
- sha256 4771759bf8863fb1f979bb4d7f8d41d6376f802b2901d55cd494464f56871698
- 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.