Texas Statutes
§ 1207.008 — LIMITATION.
Texas § 1207.008
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1207.008 (LIMITATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 1207.008 (2026).
Text
Sec. 1207.008. LIMITATION.
(a)An issuer may not issue refunding bonds if the aggregate amount of payments to be made under the refunding bonds exceeds the aggregate amount of payments that would have been made under the terms of the obligations being refunded unless:
(1)the governing body of the issuer, in the proceedings authorizing the issuance of the refunding bonds, finds that the issuance is in the best interests of the issuer; and
(2)the maximum amount by which the aggregate amount of payments to be made under the refunding bonds exceeds the aggregate amount of payments that would have been made under the terms of the obligations being refunded is specified in the proceedings.
(b)An issuer is not required to comply with Subsection (a)(2) if the governing body of the issuer determ
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Legislative History
Added by Acts 1999, 76th Leg., ch. 1064, Sec. 7, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 769, Sec. 4, eff. Sept. 1, 2001.
Nearby Sections
15
§ 1207.001
DEFINITIONS.§ 1207.002
AUTHORITY TO ISSUE.§ 1207.003
ELECTION.§ 1207.004
COMBINATION ISSUANCE.§ 1207.005
SOURCES AVAILABLE FOR PAYMENT.§ 1207.006
MATURITY.§ 1207.007
DELEGATION OF AUTHORITY.§ 1207.008
LIMITATION.§ 1207.021
AUTHORITY TO DEPOSIT WITH COMPTROLLER.§ 1207.022
LIMITATION.§ 1207.023
AMOUNT OF PRINCIPAL.§ 1207.024
METHODS AND TERMS OF SALE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1207.008, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1207.008.