A district's revenue bonds may be exchanged, in lieu of cash, for the property of all or part of existing library facilities to be acquired by the district.
Tex. Loc. Gov't Code § 336.308
EXCHANGE OF BONDS FOR EXISTING LIBRARY FACILITIES
Added by Acts 2005, 79th Leg., Ch. 883 (S.B. 1205), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.