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Texas Special District Local Laws Code

§ 1067.207 — REFUNDING BONDS

SD § 1067.207Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1067. MUENSTER HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The board may issue refunding bonds to refund any bond issued 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 bonds or other refundable indebtedness; or
(2)exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds or other refundable indebtedness.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source: Texas Special District Local Laws Code § 1067.207 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.