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Tex. Water Code § 55.523

ISSUING REFUNDING BONDS WHICH PLACE A GREATER BURDEN ON THE DISTRICT

Acts 1971, 62nd Leg., p. 471, ch. 58, Sec. 1, eff

If the district issues refunding bonds for a greater amount, for a greater rate of interest, or for a longer period of maturity than the bonds which they are to replace or if the refunding bonds in any other respect create a greater burden on the district, the district shall submit the question of whether or not it should issue the refunding bonds to the voters of the district.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.