(a) Revenue refunding bonds may:(1) be combined with new or original revenue bonds into one series or issue;(2) be issued to refund bonds of more than one series or issue;(3) combine the pledges securing the bonds to be refunded to secure the revenue refunding bonds; or(4) be secured by a pledge of other or additional net revenue.(b) Revenue refunding bonds may bear interest at a rate higher than that of the bonds to be refunded. Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.
Texas Legal Code