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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Local Government Code § 306.054: REFUNDING BONDS.

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Where this section sits in the code
  1. LOCAL GOVERNMENT CODE
  2. TITLE 10. PARKS AND OTHER RECREATIONAL AND CULTURAL RESOURCES
  3. SUBTITLE A. MUNICIPAL PARKS AND OTHER RECREATIONAL AND CULTURAL RESOURCES
  4. CHAPTER 306. PARK BOARD AND PARK BONDS: MUNICIPALITIES WITH POPULATION OF MORE THAN 40,000
  5. SUBCHAPTER D. FINANCING

(a) The board may issue refunding bonds for the purpose of refunding one or more series or installments of outstanding original or refunding revenue bonds of the board.

(b) The refunding bonds must be issued, approved by the attorney general, and registered with the comptroller of public accounts in the manner and on the terms and conditions prescribed by this chapter for the issuance of original bonds.

(c) Refunding bonds must bear interest at rates not to exceed that provided by this chapter for original bonds.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Collected 2026-08-27T01:47:27Z. Source file · JSON

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