Sec. 1472.005. EXCHANGE OR REPAYMENT OF BONDS BEING REFUNDED. The commissioners court may:
(1) exchange bonds issued under this chapter for the bonds being refunded; or
(2) use the proceeds of bonds issued under this chapter to pay the principal amount of the bonds being refunded and any required redemption premium and cancel those bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1472 - Refunding of County Bonds for Causeways
Section 1472.001. Applicability of Chapter
Section 1472.002. Authority to Issue Refunding Bonds
Section 1472.004. Sale of Bonds
Section 1472.005. Exchange or Repayment of Bonds Being Refunded
Section 1472.006. Use of Funds Established for Bonds Being Refunded