Refunding bonds may:(1) be issued to refund bonds of more than one series;(2) combine the pledges for the outstanding bonds for the security of the refunding bonds; or(3) be secured by a pledge of other or additional revenue or mortgage liens. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Texas Legal Code