Section 1207.025 - Registration Before Deposit; Registration Without Cancellation of Obligations to Be Refunded(a) The comptroller may register refunding bonds as provided by Chapter 1202 before a deposit required by this subchapter or Subchapter C is made.(b) If the issuer has complied with each applicable requirement of this chapter, the comptroller shall register refunding bonds issued to make a deposit under this subchapter without the surrender, exchange, or cancellation of the obligations to be refunded.Tex. Gov't. Code § 1207.025
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 9, eff. 9/1/1999.