Texas § GV.1505.216 - TERMS OF ISSUANCE OF REFUNDING BONDS
Full text of Texas The Texas Constitution § GV.1505.216 — TERMS OF ISSUANCE OF REFUNDING BONDS, with citation guidance and answers to common questions.
§ GV.1505.216. TERMS OF ISSUANCE OF REFUNDING BONDS
TERMS OF ISSUANCE OF REFUNDING BONDS. (a) Refunding bonds may: (1) be issued under this subchapter to refund bonds of: (A) a single issue or two or more consecutive issues; or (B) a single series or two or more consecutive series; (2) combine the pledges related to bonds to be refunded to secure the refunding bonds; or (3) be secured by a pledge of other or additional revenue. (b) Refunding bonds issued under this subchapter have the same priority of lien on the revenue pledged to their payment as is pledged to the bonds to be refunded. (c) If two or more consecutive series or issues of bonds are refunded in a single issue of refunding bonds, the lien on all the refunding bonds is equal if all bonds of the several series or issues of bonds to be refunded are surrendered in exchange for the refunding bonds. (d) Refunding bonds issued under this subchapter may not have a priority of lien greater than the highest priority of lien of a series or issue of bonds to be refunded. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1505.216
What does The Texas Constitution § GV.1505.216 cover?
Section GV.1505.216 ("TERMS OF ISSUANCE OF 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 § GV.1505.216?
A common citation format is "The Texas Constitution § GV.1505.216" (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 § GV.1505.216 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.