Texas Statutes
Subchapter E. Bonds
Section 1085.205. Refunding Bonds

Sec. 1085.205. REFUNDING BONDS. (a) The board may, without an election, issue refunding bonds to refund any bonds 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 bonds; or
(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

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