Sec. 1047.205. REGISTRATION OF REFUNDING BONDS

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(a) After registration of refunding bonds, the comptroller shall:
(1) cancel the bonds to be refunded and the interest coupons for those bonds; and
(2) deliver the refunding bonds to the proper party.
(b) Bonds to be refunded may be presented for cancellation in installments with a corresponding amount of refunding bonds registered and delivered as provided by this section.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.02, eff. April 1, 2009.

                    
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