Texas § HS.362.041 - REFUNDING BONDS
Full text of Texas The Texas Constitution § HS.362.041 — REFUNDING BONDS, with citation guidance and answers to common questions.
§ HS.362.041. REFUNDING BONDS
REFUNDING BONDS. (a) The governing body of an issuer may issue refunding bonds to refund the principal of, interest on, and any redemption premium applicable to outstanding bonds. The refunding bonds may: (1) refund more than one series of outstanding bonds and combine the revenue pledged to the outstanding bonds for the security of the refunding bonds; and (2) be secured by other or additional revenues and deed of trust liens. (b) The provisions of this chapter relating to issuance of bonds, security for bonds, approval by the attorney general, and remedies of bondholders apply to refunding bonds. (c) The comptroller shall register refunding bonds: (1) on the surrender and cancellation of the original bonds; or (2) without surrender and cancellation of the original bonds if: (A) the resolution authorizing the refunding bonds provides that their proceeds be deposited in the bank where the original bonds are payable; and (B) the refunding bonds are issued in an amount sufficient to pay the principal of, interest on, and any redemption premium applicable to the original bonds up to their option date or maturity date. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.362.041
What does The Texas Constitution § HS.362.041 cover?
Section HS.362.041 ("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.362.041?
A common citation format is "The Texas Constitution § HS.362.041" (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.362.041 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.