Sec. 1052.205. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund outstanding indebtedness 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 the outstanding indebtedness; or
(2) exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1052 - Lockney General Hospital District
Section 1052.201. General Obligation Bonds
Section 1052.202. Tax to Pay General Obligation Bonds
Section 1052.203. General Obligation Bond Election
Section 1052.204. Revenue Bonds
Section 1052.205. Refunding Bonds
Section 1052.206. Maturity of Bonds
Section 1052.207. Execution of Bonds
Section 1052.208. Bonds Exempt From Taxation
Section 1052.209. Additional Means of Securing Repayment of Bonds