Sec. 1401.043. REFINANCING CERTAIN OBLIGATIONS. (a) The proceeds of a bond issued under Section 1401.041(a), (b), (c)(1), or (d) may be used to refinance an existing obligation for a purpose described by those subsections.
(b) The proceeds of a bond issued under Section 1401.041(c)(2) may be used to refinance an existing obligation for a purpose described by that subdivision.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle G - Specific Authority for State Government to Issue Securities
Chapter 1401 - Bonds for Certain Criminal Justice or Mental Health and Mental Retardation Facilities
Subchapter C. General Obligation Bonds and Proceeds
Section 1401.041. General Obligation Bonds
Section 1401.042. Refunding Bonds
Section 1401.043. Refinancing Certain Obligations