Texas § 9015.363 REFUNDING BONDS.

Texas Statutes

§ 9015.363 — REFUNDING BONDS.

Texas § 9015.363

Code SDSpecial District Local Laws Code

This text of Texas § 9015.363 (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. Special District Local Laws Code Code Ann. § 9015.363 (2026).

Text

Sec. 9015.363. REFUNDING BONDS.

(a)The authority may issue refunding bonds to refund outstanding bonds issued under this subchapter and interest on those bonds.

(b)Refunding bonds may:

(1)be issued to refund bonds of more than one series;

(2)combine the pledges for the outstanding bonds for the security of the refunding bonds; or

(3)be secured by a pledge of other or additional revenue or mortgage liens.

(c)The provisions of this subchapter regarding the issuance of other bonds, their security, and the remedies of the holders apply to refunding bonds.

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

(e)Instead of issuing bonds to be registered on the surrender and cancellation of the bonds to be refunded, the authority

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 9015.363. REFUNDING BONDS. (a) The authority may issue refunding bonds to refund outstanding bonds issued under this subchapter and interest on those bonds.
(b) Refunding bonds may:
(1) be issued to refund bonds of more than one series;
(2) combine the pledges for the outstanding bonds for the security of the refunding bonds; or
(3) be secured by a pledge of other or additional revenue or mortgage liens.
(c) The provisions of this subchapter regarding the issuance of other bonds, their security, and the remedies of the holders apply to refunding bonds.
(d) The comptroller shall register the refunding bonds on surrender and cancellation of the bonds to be refunded.
(e) Instead of issuing bonds to be registered on the surrender and cancellation of the bonds to be refunded, the authority, in the resolution 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 principal of and interest on the bonds to be refunded to their option date or maturity date, and the comptroller shall register the refunding bonds without the surrender and cancellation of the bonds to be refunded.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.12, eff. April 1, 2009. Renumbered from Special District Local Laws Code, Section 9009.363 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 27.001(85), eff. September 1, 2009.