Sec. 321.076. REFUNDING BONDS. (a) Fully negotiable bonds may be issued by the commissioners court for the purpose of refunding original bonds issued under this subchapter.
(b) The refunding bonds must be authorized and may be secured in the manner provided by this subchapter for original bonds.
(c) Refunding bonds may be sold and the proceeds used to retire the original bonds, or may be used in exchange for the original bonds, as provided in the order authorizing their issuance.
(d) An election is not required for issuance of the refunding bonds.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Subtitle B - County Parks and Other Recreational and Cultural Resources
Chapter 321 - Island Parks, Beach Parks, and Public Beaches of Coastal Counties
Section 321.071. Issuance; Purpose
Section 321.072. Pledge of Revenues
Section 321.074. Approval and Registration
Section 321.075. Fees and Revenue
Section 321.076. Refunding Bonds