Tex. Spec. Dist. Local Laws Code § 9051.259 · Subchapter F. BONDS
REFUNDING BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may issue refunding bonds without an election to refund outstanding bonds issued under this subchapter and interest on those bonds.
(b) Refunding bonds may be issued to refund bonds of more than one series.
(c) In the case of bonds secured wholly or partly by net revenue, the district may:
(1) combine the pledges for the outstanding bonds for the security of the refunding bonds; or
(2) secure the refunding bonds by a pledge of other or additional revenue.
(d) The provisions of this subchapter regarding the issuance of other bonds and the rights and remedies of the holders apply to refunding bonds.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9051.htm
- Text hash
- sha256 9d4bff836928d55254e0f13a73ff59471bf25600802d692472c69669c7059073
- 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.