Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 3. HEALTH |
Subtitle A. HOSPITAL DISTRICTS |
Chapter 1011. SCHLEICHER COUNTY HOSPITAL DISTRICT |
Subchapter E. BONDS |
Sec. 1011.206. REFUNDING BONDS
Latest version.
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(a) District refunding bonds may be issued without an election and in the manner provided by this subchapter to refund outstanding bonds 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
(2) exchanged wholly or partly for not less than a similar amount of the outstanding bonds and the unpaid matured interest on those bonds.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 , Sec. 1.01, eff. April 1, 2013.