1009.205 – REFUNDING BONDS. (a) The board may, without an
Texas Special District Local Laws Code § 1009.205
Summary
This law allows a district's board to issue refunding bonds without needing an election. It enables the board to manage outstanding general obligation bonds by either selling or exchanging these new bonds to pay off the existing ones.
Board can issue refunding bonds without an election.
Refunding bonds can be sold or exchanged for existing bonds.
Proceeds must be used to pay off the refunded bonds.
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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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