Sec. 54.154.  TERMS OF ISSUANCE OF REVENUE REFUNDING OBLIGATIONS.  (a)  Revenue refunding obligations may:
(1)  be combined with new or original revenue obligations into one series or issue;
(2)  be issued to refund obligations of more than one series or issue;
(3)  combine the pledges securing the obligations to be refunded to secure the revenue refunding obligations;  or
(4)  be secured by a pledge of other or additional net revenue.
(b)  A revenue refunding obligation may bear interest at a rate higher than that of the obligation to be refunded.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.