{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1108.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1108.205","heading":"REFUNDING BONDS.","body":"(a) The board may, without an election, issue refunding bonds to refund outstanding 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 indebtedness; or\n(2) exchanged wholly or partly for not less than a similar principal amount of 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 1108. TRINITY MEMORIAL HOSPITAL DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1108.htm#1108.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"1866fb87de26d38abbc958ce149ae163c61d3523ce5b4bf0b895b81912322656","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1108.204","next":"us-tx/tex.-special-district-local-laws-code-1108.206"},"notice":"GroundRules: Original legal text. Not legal advice."}