(a) Before refunding bonds authorized by Section 1047.204 are delivered, the board shall impose a sufficient tax to pay the principal of and interest on the bonds.
(b) The refunding of any bonds does not affect any taxes already due.
Tex. Spec. Dist. Local Laws Code § 1047.206
TAX TO PAY REFUNDING BONDS
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, 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.