{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1001.360","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1001.360","heading":"REFUNDING BONDS.","body":"(a) The board may, without an election, issue refunding bonds to refund outstanding general obligation bonds issued or assumed by the district.\n(b) Refunding bonds may be:\n(1) sold, with the proceeds of the refunding bonds applied to the payment of the bonds to be refunded; or\n(2) exchanged in whole or in part for not less than a like amount of bonds to be refunded and the matured but unpaid interest on those bonds.\n(c) The refunding bonds must mature not later than 40 years after the date of issuance.\nAdded by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1001. CITY OF AMARILLO HOSPITAL DISTRICT","SUBCHAPTER H. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1001.htm#1001.360","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"7b4afb1ebd14e0d55964c6005ea87760951bb1d7a7909a63e0f551b599f0e796","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1001.359","next":"us-tx/tex.-special-district-local-laws-code-1001.361"},"notice":"GroundRules: Original legal text. Not legal advice."}