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Texas Special District Local Laws Code

§ 1034.205 — REFUNDING BONDS

SD § 1034.205Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1034. HALL COUNTY HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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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 outstanding indebtedness; or
(2)exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Texas Special District Local Laws Code § 1034.205 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.