Texas § 1501.263 REFUNDING BONDS.

Texas Statutes

§ 1501.263 — REFUNDING BONDS.

Texas § 1501.263

Code GVGovernment Code

This text of Texas § 1501.263 (REFUNDING BONDS.) 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. § 1501.263 (2026).

Text

Sec. 1501.263. REFUNDING BONDS.

(a)A municipality may issue refunding bonds to refund outstanding bonds issued under this subchapter and interest on the outstanding bonds. The municipality may issue refunding bonds without holding an election to approve the issuance.

(b)The municipality may provide additional security for the refunding bonds.

(c)The comptroller shall register the refunding bonds on the surrender and cancellation of the bonds to be refunded.

(d)In lieu of issuing bonds to be registered on the surrender and cancellation of the bonds to be refunded, the municipality, in the ordinance authorizing the issuance of the refunding bonds, may provide for the sale of the refunding bonds and the deposit of the proceeds in a bank at which the bonds to be refunded are payable. In th

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Sec. 1501.263. REFUNDING BONDS. (a) A municipality may issue refunding bonds to refund outstanding bonds issued under this subchapter and interest on the outstanding bonds. The municipality may issue refunding bonds without holding an election to approve the issuance.
(b) The municipality may provide additional security for the refunding bonds.
(c) The comptroller shall register the refunding bonds on the surrender and cancellation of the bonds to be refunded.
(d) In lieu of issuing bonds to be registered on the surrender and cancellation of the bonds to be refunded, the municipality, in the ordinance authorizing the issuance of the refunding bonds, may provide for the sale of the refunding bonds and the deposit of the proceeds in a bank at which the bonds to be refunded are payable. In that case, the refunding bonds may be issued in an amount sufficient to pay the interest on the bonds to be refunded to their maturity date or redemption date and the amount of any call premium, and the comptroller shall register the refunding bonds without the surrender and cancellation of the bonds to be refunded.