1001.360 – REFUNDING BONDS. (a) The board may, without an
Texas Special District Local Laws Code § 1001.360
Summary
This law allows the board of a special district to issue refunding bonds without needing to hold an election. It enables the district to manage its outstanding general obligation bonds by either selling the new bonds or exchanging them for existing ones.
Board can issue refunding bonds without an election.
Proceeds can be used to pay off existing bonds.
Refunding bonds must mature within specified time limits.
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In simple terms: Learn about Texas's REFUNDING BONDS. (a) The board may, without an 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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