Sec. 1064.255. 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 outstanding indebtedness; or
(2) exchanged wholly or partly for not less than a similar 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 1064 - Moore County Hospital District
Section 1064.251. General Obligation Bonds, Certificates of Obligation, and Other Financing
Section 1064.252. Tax to Pay General Obligation Bonds
Section 1064.253. General Obligation Bond Election
Section 1064.254. Revenue Bonds
Section 1064.255. Refunding Bonds
Section 1064.256. Maturity of Bonds