Texas § 1010.208 REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS.

Texas Statutes

§ 1010.208 — REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS.

Texas § 1010.208

Code SDSpecial District Local Laws Code

This text of Texas § 1010.208 (REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER 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.

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Tex. Special District Local Laws Code Code Ann. § 1010.208 (2026).

Text

Sec. 1010.208. REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS.

(a)This section applies only to bonds approved in an election held before May 31, 1991.

(b)Except as provided by Subsection (c) and notwithstanding any legal defect in the incurrence, issuance, or assumption of the obligation or indebtedness, the board may issue and sell bonds in the name and on the faith and credit of the district to refund or fund and retire any outstanding obligation or other indebtedness the district has incurred, issued, or assumed.

(c)The board may not use the power granted by this section to convert Farmers Home Administration bonds to tax bonds. SUBCHAPTER F. TAXES

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Sec. 1010.208. REFUNDING OR FUNDING AND RETIRING CERTAIN OLDER BONDS. (a) This section applies only to bonds approved in an election held before May 31, 1991.
(b) Except as provided by Subsection (c) and notwithstanding any legal defect in the incurrence, issuance, or assumption of the obligation or indebtedness, the board may issue and sell bonds in the name and on the faith and credit of the district to refund or fund and retire any outstanding obligation or other indebtedness the district has incurred, issued, or assumed.
(c) The board may not use the power granted by this section to convert Farmers Home Administration bonds to tax bonds.
SUBCHAPTER F. TAXES