Texas Transportation Code
§ 317.154 — TERMS OF ISSUANCE OF REVENUE REFUNDING BONDS
TN § 317.154Title 6. ROADWAYS · Part E. MUNICIPAL STREETS · Ch. 317. ELIMINATION OF GRADE-LEVEL STREET CROSSINGS BY RAILROAD LINES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 100,000 · Art. D. REFUNDING BONDS
Statute text
View on source(a)Revenue refunding bonds may:
(1)be combined with new or original revenue bonds into one series or issue;
(2)be issued to refund bonds of more than one series or issue;
(3)combine the pledges securing the bonds to be refunded to secure the revenue refunding bonds; or
(4)be secured by a pledge of other or additional net revenue.
(b)Revenue refunding bonds may bear interest at a rate higher than that of the bonds to be refunded.
Legislative history
Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.