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