REFUNDING BONDS.

Tex. SPEC. DIST. LOCAL LAWS Code § 1005.208.
in effect
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(a) The board may issue refunding bonds to refund outstanding indebtedness issued or assumed by the district. (b) Refunding bonds may be: (1) sold, with the proceeds of the refunding bonds applied to the payment of the bonds to be refunded; or (2) exchanged in whole or in part for not less than a similar principal amount of outstanding indebtedness. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.01, eff. April 1, 2007. SUBCHAPTER F. AD VALOREM TAX
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026