The district may exchange bonds, including refunding bonds:(1) for property acquired by purchase; or(2) in payment of the contract price of work done or materials or services furnished for the use and benefit of the district. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.10, eff. April 1, 2009.
Texas Legal Code