Tex. Transp. Code § 317.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 317.154 - Terms of Issuance of Revenue Refunding Bonds

(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.

Tex. Transp. Code § 317.154

Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.