{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1097.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1097.205","heading":"REFUNDING BONDS.","body":"(a) The board may, without an election, issue refunding bonds to refund any bond or other refundable indebtedness issued or assumed by the district.\n(b) A refunding bond may be:\n(1) sold, with the proceeds of the refunding bond applied to the payment of the outstanding bonds or other refundable indebtedness; or\n(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding bonds or other refundable indebtedness.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1097. SOUTH WHEELER COUNTY HOSPITAL DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1097.htm#1097.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"e299ba3ad418539d82ef282ea0de9299efab021a79b4545836a4cd888da14cc6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1097.204","next":"us-tx/tex.-special-district-local-laws-code-1097.206"},"notice":"GroundRules: Original legal text. Not legal advice."}