Texas Government Code 1401.043 – Refinancing Certain Obligations
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(a) The proceeds of a bond issued under § 1401.041(a), (b), (c)(1), or (d) may be used to refinance an existing obligation for a purpose described by those subsections.
(b) The proceeds of a bond issued under § 1401.041(c)(2) may be used to refinance an existing obligation for a purpose described by that subdivision.
Terms Used In Texas Government Code 1401.043
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.