Sec. 1207.004.  COMBINATION ISSUANCE.  Under the terms and with the security set forth in the proceedings that authorize the issuance of the refunding bonds, a governmental entity may issue refunding bonds:
(1)  in combination with new bonds;
(2)  with provision for the subsequent issuance of additional parity bonds or subordinate lien bonds;  or
(3)  both in combination with new bonds and with provision for the subsequent issuance of additional bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.