Texas Statutes
Subchapter E. Bonds
Section 1103.205. Refunding Bonds

Sec. 1103.205. REFUNDING BONDS. (a) District refunding bonds may, without an election, be issued 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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

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