Sec. 1067.207. REFUNDING BONDS. (a) The board may issue refunding bonds to refund any bond issued 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 bonds or other refundable indebtedness; or
(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds or other refundable 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 1067 - Muenster Hospital District
Section 1067.201. General Obligation Bonds
Section 1067.202. Tax to Pay General Obligation Bonds
Section 1067.203. General Obligation Bond Election
Section 1067.204. Maturity of General Obligation Bonds
Section 1067.205. Execution of General Obligation Bonds
Section 1067.206. Revenue Bonds
Section 1067.207. Refunding Bonds
Section 1067.208. Bonds Exempt From Taxation
Section 1067.209. Additional Means of Securing Repayment of Bonds