Sec. 1061.208. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund outstanding indebtedness issued or assumed by the district.
(b) Refunding bonds may be:
(1) sold, with the proceeds of the refunding bonds applied to the payment of the outstanding indebtedness; or
(2) exchanged wholly or partly for not less than a like principal amount of outstanding indebtedness.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1061 - Midland County Hospital District of Midland County, Texas
Section 1061.201. General Obligation Bonds
Section 1061.202. Tax to Pay General Obligation Bonds
Section 1061.203. Bond Election
Section 1061.204. Revenue Bonds
Section 1061.205. Payment of Revenue Bonds; Security
Section 1061.206. Use of Revenue Bond Proceeds
Section 1061.207. Charge for Occupancy or Use of Hospital Facility