Texas § HS.223.032 - REFUNDING BONDS
Full text of Texas The Texas Constitution § HS.223.032 — REFUNDING BONDS, with citation guidance and answers to common questions.
§ HS.223.032. REFUNDING BONDS
REFUNDING BONDS. (a) An issuer by resolution may authorize the issuance of revenue bonds to refund: (1) outstanding bonds or other evidences of indebtedness that have been issued to provide a hospital project; or (2) outstanding obligations, mortgages, or advances issued, made, or given by a nonprofit organization for the cost of a hospital project. (b) The amounts refunded may include the principal of and any redemption premium for the bonds or other evidences of indebtedness, and any interest accruing to the date of redemption. (c) The bonds or other evidences of indebtedness to be refunded need not have been issued under this chapter and need not have been originally issued by the issuer of the refunding bonds. (d) This subchapter governs the issuance of refunding bonds, the maturities and other details of the bonds, the rights of the bondholders, and rights, duties, and obligations of the refunding bond issuer. (e) The issuer may issue the refunding bonds in exchange or substitution for outstanding bonds or other evidences of indebtedness or may sell the refunding bonds and use the proceeds for paying or redeeming outstanding bonds or other evidences of indebtedness. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.223.032
What does The Texas Constitution § HS.223.032 cover?
Section HS.223.032 ("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 § HS.223.032?
A common citation format is "The Texas Constitution § HS.223.032" (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 § HS.223.032 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.