Sec. 1094.257. 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 indebtedness to be refunded; 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 1094 - Seminole Hospital District of Gaines County, Texas
Section 1094.251. General Obligation Bonds
Section 1094.252. Tax to Pay General Obligation Bonds
Section 1094.253. General Obligation Bond Election
Section 1094.254. Maturity of General Obligation Bonds
Section 1094.255. Execution of General Obligation Bonds
Section 1094.256. Revenue Bonds
Section 1094.257. Refunding Bonds
Section 1094.258. Bonds Exempt From Taxation
Section 1094.259. Additional Means of Securing Repayment of Bonds