Texas § GV.1506.115 - REFUNDING BONDS
Full text of Texas The Texas Constitution § GV.1506.115 — REFUNDING BONDS, with citation guidance and answers to common questions.
§ GV.1506.115. REFUNDING BONDS
REFUNDING BONDS. (a) The governing body of a municipality by ordinance may issue revenue refunding bonds to refund bonds, including revenue refunding bonds, issued under this subchapter. (b) Refunding bonds issued under this section must be executed and mature as provided by this subchapter for original bonds. (c) The comptroller shall register refunding bonds on surrender and cancellation of the bonds to be refunded. (d) The comptroller shall register refunding bonds without the surrender and cancellation of the bonds to be refunded if the ordinance authorizing the issuance of the refunding bonds requires the obligation to be sold and the proceeds from the sale to be deposited in a place where the bonds to be refunded are payable. (e) Refunding bonds to which Subsection (d) applies may be issued in an amount sufficient to pay: (1) the principal of the bonds to be refunded; and (2) the interest on the bonds to be refunded to the option or maturity date of the bonds. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § GV.1506.115
What does The Texas Constitution § GV.1506.115 cover?
Section GV.1506.115 ("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.1506.115?
A common citation format is "The Texas Constitution § GV.1506.115" (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.1506.115 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.