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Texas Special District Local Laws Code

§ 1050.207 — REFUNDING BONDS

SD § 1050.207Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1050. KNOX 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)A refunding bond may be:
(1)sold, with the proceeds of the refunding bond applied to the payment of the indebtedness to be refunded; or
(2)exchanged wholly or partly for not less than a similar principal amount of outstanding indebtedness.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 1040 (H.B. 2907), Sec. 10, eff. June 14, 2013.

Source: Texas Special District Local Laws Code § 1050.207 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.