{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1099.257","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1099.257","heading":"REFUNDING BONDS.","body":"(a) The board may, without an election, issue refunding bonds to refund outstanding indebtedness issued 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 outstanding indebtedness; or\n(2) exchanged wholly or partly for not less than a similar principal amount of the outstanding indebtedness.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1099. STRATFORD HOSPITAL DISTRICT","SUBCHAPTER F. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1099.htm#1099.257","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0ff81cd802040c1bfc03977f338b432cbef1981753ad45688efa3dae0c2632cf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1099.256","next":"us-tx/tex.-special-district-local-laws-code-1099.258"},"notice":"GroundRules: Original legal text. Not legal advice."}