Tex. Gov't Code § 1432.006 · Chapter 1432. BONDS FOR LOCAL GOVERNMENT SPORTS CENTERS
ADDITIONAL SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds issued under this chapter may be additionally secured by:
(1) an encumbrance on any real property relating to a facility authorized by this chapter owned or to be acquired by the local government;
(2) an encumbrance on any personal property appurtenant to that real property; or
(3) a pledge of any portion of any grant, donation, revenue, or income received or to be received from the United States or any other public or private source.
(b) The governing body of the local government may authorize the execution of a trust indenture, mortgage, deed of trust, or other instrument as evidence of the encumbrance.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1432.htm
- Text hash
- sha256 384ddd73db39bd37ae7da9133d9d58f7f8c6e7a503d6465dd00c9011b25f8479
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.