The district may exchange bonds, including refunding bonds:
(1) for property acquired by purchase; or
(2) in payment of the contract price of work performed or materials or services provided for the use and benefit of the district.
Tex. Spec. Dist. Local Laws Code § 9053.202
EXCHANGING BONDS FOR PROPERTY OR WORK
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), 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.