Texas § SD.8512.0511 - REFUNDING BONDS
Full text of Texas The Texas Constitution § SD.8512.0511 — REFUNDING BONDS, with citation guidance and answers to common questions.
§ SD.8512.0511. REFUNDING BONDS
REFUNDING BONDS. (a) The authority may make and issue refunding bonds for the purpose of refunding or refinancing outstanding bonds authorized and issued by the authority under this chapter or other law and the interest and premium, if any, on the bonds to maturity or on any earlier redemption date specified in the resolution authorizing the issuance of the refunding bonds. (b) Refunding bonds may: (1) be issued to refund more than one series of outstanding bonds; (2) combine the pledges of the outstanding bonds for the security of the refunding bonds; or (3) be secured by other or additional revenue. (c) The provisions of this chapter regarding the issuance of bonds, the terms and provisions of bonds, and the remedies of the bondholders apply to refunding bonds. (d) The comptroller shall register the refunding bonds on the surrender and cancellation of the bonds to be refunded. (e) Instead of issuing bonds to be registered on the surrender and cancellation of the bonds to be refunded, the authority, in the resolution authorizing the issuance of refunding bonds, may provide for the sale of the refunding bonds and the deposit of the proceeds at the places at which the bonds to be refunded are payable. In that case, the refunding bonds may be issued in an amount sufficient to pay the interest and premium, if any, on the bonds to be refunded to their maturity date or specified earlier redemption date, and the comptroller shall register the refunding bonds without the concurrent surrender and cancellation of the bonds to be refunded. (f) The authority may also refund outstanding bonds in the manner provided by any applicable general law. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.02, eff. April 1, 2027. Text of section effective on April 01, 2027
Frequently Asked Questions About Texas § SD.8512.0511
What does The Texas Constitution § SD.8512.0511 cover?
Section SD.8512.0511 ("REFUNDING BONDS") 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.8512.0511?
A common citation format is "The Texas Constitution § SD.8512.0511" (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.8512.0511 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.