Sec. 1472.005.  EXCHANGE OR REPAYMENT OF BONDS BEING REFUNDED.  The commissioners court may:
(1)  exchange bonds issued under this chapter for the bonds being refunded;  or
(2)  use the proceeds of bonds issued under this chapter to pay the principal amount of the bonds being refunded and any required redemption premium and cancel those bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.