Tex. Health & Safety Code § 772.525 · Subchapter G. REGIONAL EMERGENCY COMMUNICATIONS DISTRICTS: STATE PLANNING REGION WITH POPULATION OVER 1.5 MILLION
ADDITIONAL SECURITY FOR BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) District bonds may be additionally secured by a deed of trust or mortgage lien on all or part of the district's physical properties and rights appurtenant to the properties, vesting in the trustee power to sell the properties for payment of the indebtedness, power to operate the properties, and any other power necessary for the further security of the bonds.
(b) The bond trust indenture, regardless of the existence of a deed of trust or mortgage lien on the properties, may:
(1) contain provisions prescribed by the board for the security of the bonds and the preservation of the trust estate; and
(2) make provisions for:
(A) amendment or modification; and
(B) investment of district funds.
(c) A purchaser under a sale under the deed of trust or mortgage lien is the absolute owner of the properties and rights purchased and may maintain and operate the properties.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 552 (S.B. 628), Sec. 1, eff. September 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.772.htm
- Text hash
- sha256 b75c2c92d38877599d8414aebbf4de4dbf13186e333d75f4a77937e8b9be51a9
- 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.