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Texas Special District Local Laws Code

§ 1075.205 — REFUNDING BONDS

SD § 1075.205Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1075. STAMFORD HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)District refunding bonds may, without an election, be issued to refund any bonds or other refundable indebtedness 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 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Source: Texas Special District Local Laws Code § 1075.205 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.