Sec. 56.210. REFUNDING BONDS. (a) A district may refund outstanding bonds by issuing new bonds as provided by Chapter 1207, Government Code.
(b) The district shall issue the bonds in denominations to be determined by the board and shall levy a tax sufficient to meet the payment of principal and interest of the refunding bonds before the bonds are delivered.
Acts 1971, 62nd Leg., p. 518, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 2001, 77th Leg., ch. 298, Sec. 10, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 56 - Drainage Districts
Subchapter F. Issuance of Bonds and Notes
Section 56.201. Authority to Issue Bonds
Section 56.202. Issuance of Bonds
Section 56.203. Record Book for Bonds
Section 56.204. Bonds: Requisites
Section 56.205. Bonds: Approval
Section 56.209. Use of Unsold Bonds for Maintenance Purposes
Section 56.210. Refunding Bonds
Section 56.211. Refunding Bond Election
Section 56.212. Approval and Issuance of Refunding Bonds
Section 56.213. Tax Anticipation Notes; Bond Anticipation Notes