Sec. 54.153.  AUTHORITY TO ISSUE REVENUE REFUNDING OBLIGATIONS.  The governing body of a municipality or a board, under the procedures provided by this chapter, may issue obligations payable from revenue to refund outstanding obligations payable from revenue, including original or refunding obligations:
(1)  issued under this chapter;
(2)  issued for a purpose described by Section 54.003;  or
(3)  payable from the revenue of a port improvement or facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.