Sec. 9023.157. REFUNDING BONDS. (a) The district may issue refunding bonds without an election.
(b) District bonds may be refunded by:
(1) the issuance and delivery to holders of refunding bonds in lieu of the outstanding bonds; or
(2) the sale of refunding bonds and the use of the proceeds for retiring the outstanding bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9023 - Duval County Conservation and Reclamation District
Section 9023.151. Authority to Issue Bonds
Section 9023.152. Certain Bond Covenants Authorized
Section 9023.154. Use of Bond Proceeds
Section 9023.155. Bonds Secured by Revenue; Additional Bonds