Texas Statutes
§ 1207.026 — USE OF SALE PROCEEDS TO MAKE DEPOSIT; RIGHTS NOT DEPENDENT ON CANCELLATION OF OBLIGATIONS TO BE REFUNDED.
Texas § 1207.026
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1207.026 (USE OF SALE PROCEEDS TO MAKE DEPOSIT; RIGHTS NOT DEPENDENT ON CANCELLATION OF OBLIGATIONS TO BE REFUNDED.) 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. § 1207.026 (2026).
Text
Sec. 1207.026. USE OF SALE PROCEEDS TO MAKE DEPOSIT; RIGHTS NOT DEPENDENT ON CANCELLATION OF OBLIGATIONS TO BE REFUNDED.
(a)An issuer may sell and deliver refunding bonds that have been registered with the comptroller so as to permit the issuer, in a timely manner determined by the issuer, to use proceeds from the sale to make all or any part of a deposit under this chapter.
(b)An issuer that has complied with this chapter may issue, register, sell, or deliver a refunding bond in lieu of the obligation to be refunded regardless of whether:
(1)the holder of the obligation to be refunded has surrendered or presented the obligation for payment and cancellation; or
(2)the obligation to be refunded has been canceled.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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 § 1207.026, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1207.026.