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Texas Special District Local Laws Code

§ 1037.205 — REFUNDING BONDS

SD § 1037.205Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1037. HAMLIN HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The board may, without an election, issue refunding bonds to refund outstanding indebtedness issued or assumed by the district.
(b)A refunding bond may be:
(1)sold, with the proceeds of the refunding bond applied to the payment of the outstanding indebtedness; or
(2)exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.

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 § 1037.205 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.