Sec. 1100.257. 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 outstanding indebtedness; or
(2) exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1100 - South Randall County Hospital District
Section 1100.251. General Obligation Bonds
Section 1100.252. Tax to Pay General Obligation Bonds
Section 1100.253. General Obligation Bond Election
Section 1100.254. Maturity of General Obligation Bonds
Section 1100.255. Execution of General Obligation Bonds
Section 1100.256. Revenue Bonds