Sec. 9059.207. 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 9059 - Rio Grande Palms Water District
Section 9059.201. Authority to Issue Bonds
Section 9059.202. Exchanging Bonds for Property
Section 9059.203. Certain Bond Covenants Authorized
Section 9059.205. Use of Bond Proceeds