1207.022 – LIMITATION. An issuer may issue refunding bonds
Texas Government Code § 1207.022
Summary
This law allows issuers to issue refunding bonds for obligations that will mature or can be redeemed within 20 years. It ensures that the refunding process is limited to certain timeframes, providing financial stability and predictability for both issuers and bondholders.
Refunding bonds must mature within 20 years.
Bonds can be redeemed before maturity within 20 years.
Applies to issuers managing bond obligations.
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In simple terms: Learn about Texas's LIMITATION. An issuer may issue refunding bonds law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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