1207.081 – ISSUANCE IN EXCHANGE FOR OBLIGATION TO BE
Texas Government Code § 1207.081
Summary
This law allows for the issuance of refunding bonds in exchange for existing obligations that are being refunded. It specifies that the comptroller must register and deliver these bonds to the holders of the original obligations, either all at once or in installments.
Allows issuance of refunding bonds for existing obligations.
Comptroller must register and deliver the refunding bonds.
Exchange can occur in one or multiple deliveries.
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In simple terms: Learn about Texas's ISSUANCE IN EXCHANGE FOR OBLIGATION TO BE 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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