Texas § SD.8501.269 - REFUNDING OBLIGATION
Full text of Texas The Texas Constitution § SD.8501.269 — REFUNDING OBLIGATION, with citation guidance and answers to common questions.
§ SD.8501.269. REFUNDING OBLIGATION
REFUNDING OBLIGATION. (a) The authority may authorize and issue, on terms the board considers advisable, a refunding obligation to provide for the retirement of an outstanding obligation issued by the authority under this chapter. The refunding obligation: (1) may be issued for an obligation that is due or to become due; and (2) is subject to the provisions of this chapter relating to the issuance of other obligations. (b) A refunding obligation may be: (1) exchanged for like par amounts of the outstanding obligation; or (2) sold, with the proceeds being used to retire the outstanding obligation. (c) The refunding obligation must be: (1) secured in all respects to the same extent as other obligations issued under this chapter; and (2) paid from the same revenue from which the refunded obligation was to be paid. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Frequently Asked Questions About Texas § SD.8501.269
What does The Texas Constitution § SD.8501.269 cover?
Section SD.8501.269 ("REFUNDING OBLIGATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.8501.269?
A common citation format is "The Texas Constitution § SD.8501.269" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.8501.269 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.