Tex. Gov't Code § 1506.156 · Subchapter D. REVENUE BONDS FOR PARKING AND TRANSPORTATION FACILITIES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 1.1 MILLION
ADDITIONAL SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds issued under this subchapter may be additionally secured by:
(1) an encumbrance on any real property relating to a facility authorized by this subchapter owned or to be acquired by the municipality;
(2) an encumbrance on any personal property appurtenant to that real property; or
(3) a pledge of any portion of a 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 municipality 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.1506.htm
- Text hash
- sha256 1ffeeb0497ec195077f82a1540f8847e16d676b9a613d60a959ab21b35a5d2f3
- 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.