Sec. 1207.004. COMBINATION ISSUANCE. Under the terms and with the security set forth in the proceedings that authorize the issuance of the refunding bonds, a governmental entity may issue refunding bonds:
(1) in combination with new bonds;
(2) with provision for the subsequent issuance of additional parity bonds or subordinate lien bonds; or
(3) both in combination with new bonds and with provision for the subsequent issuance of additional bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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