Sec. 265.0176. REFUNDING BONDS. (a) The board of managers may refund bonds issued under this subchapter by issuing refunding bonds under terms approved by the board.
(b) All appropriate provisions of this subchapter apply to the refunding bonds. The refunding bonds shall be issued in the manner provided by this subchapter for issuing other bonds.
(c) The refunding bonds may be sold and delivered in amounts sufficient to pay the principal of and interest and any redemption premium on the bonds to be refunded, at maturity or on any redemption date.
(d) The refunding bonds may be issued to be exchanged for the bonds being refunded by them. In that case, the comptroller shall register the refunding bonds and deliver them to the holder of the bonds being refunded as approved by the board. The exchange may be made in one delivery or in installment deliveries.
Added by Acts 2001, 77th Leg., ch. 151, Sec. 1, eff. May 16, 2001.
Structure Texas Statutes
Chapter 265 - Joint Municipal and County Hospitals
Subchapter B. Joint Hospital With Board of Managers
Section 265.011. Establishment of Hospital by Commissioners Court and Municipal Governing Body
Section 265.013. Board of Managers
Section 265.016. Financial Statement; Budget
Section 265.017. Issuance of Revenue Bonds
Section 265.0171. Repayment of Bonds
Section 265.0172. Additional Security for Bonds
Section 265.0174. Bonds Not Payable From Taxes
Section 265.0175. Sale of Bonds
Section 265.0176. Refunding Bonds
Section 265.0177. Authority to Borrow Money
Section 265.0178. Pledge of Security
Section 265.0179. Permissible Uses of Loan Proceeds
Section 265.018. Hospital Property
Section 265.0181. Transfer of Property
Section 265.019. Use of Earnings or Assets for Private Purposes Prohibited