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Texas Special District Local Laws Code

§ 1010.208 — REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS

SD § 1010.208Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1010. BURLESON COUNTY HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)This section applies only to bonds approved in an election held before May 31, 1991.
(b)Except as provided by Subsection (c) and notwithstanding any legal defect in the incurrence, issuance, or assumption of the obligation or indebtedness, the board may issue and sell bonds in the name and on the faith and credit of the district to refund or fund and retire any outstanding obligation or other indebtedness the district has incurred, issued, or assumed.
(c)The board may not use the power granted by this section to convert Farmers Home Administration bonds to tax bonds.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1010.208 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.