Texas § HS.363.140 - REFUNDING BONDS
Full text of Texas The Texas Constitution § HS.363.140 — REFUNDING BONDS, with citation guidance and answers to common questions.
§ HS.363.140. REFUNDING BONDS
REFUNDING BONDS. (a) A public agency may issue refunding bonds to refund all or part of its outstanding bonds, including matured but unpaid interest coupons. (b) Refunding bonds: (1) mature serially or otherwise not more than 50 years after the date of issuance and bear interest at a rate permitted by state law; and (2) may be payable from the same source as the bonds being refunded or from other additional sources. (c) Refunding bonds must be approved by the attorney general in the same manner as other bonds. (d) 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 order or resolution authorizing the refunding bonds provides that their proceeds be deposited in the place where the original bonds are payable; and (B) the refunding bonds are issued in an amount sufficient to pay the principal of and interest on the original bonds up to their maturity date or to their option date if the bonds are called for payment before maturity according to their terms. (e) A public agency may refund bonds in one or several installments. (f) Instead of the method provided by this section, a public agency may refund bonds, notes, or other obligations as provided by general law. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.363.140
What does The Texas Constitution § HS.363.140 cover?
Section HS.363.140 ("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.363.140?
A common citation format is "The Texas Constitution § HS.363.140" (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.363.140 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.