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.
Tex. Spec. Dist. Local Laws Code § 9033.202
EXCHANGING BONDS FOR PROPERTY OR WORK
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, 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.