Texas Health and Safety Code 285.027 – Other Bonds
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(a) Bonds constituting a junior lien on the net revenues may be issued unless prohibited by the bond order or the trust indenture.
(b) Parity bonds may be issued under conditions specified in the bond order or trust indenture.
Terms Used In Texas Health and Safety Code 285.027
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Lien: A claim against real or personal property in satisfaction of a debt.
(c) The county may issue bonds to refund outstanding bonds in the same manner that other bonds are issued under this subchapter.
(d) Refunding bonds issued under this section may be exchanged for previous bonds by the comptroller or may be sold. If the bonds are sold, the proceeds shall be applied to the payment of outstanding bonds.