Tex. Loc. Gov't Code § 601.032 · Subchapter B. MUNICIPAL PARKING AUTHORITIES
DEED OF TRUST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An authority may enter into a deed of trust as security for revenue bonds and may assign and pledge all or part of the revenues or receipts of the authority under the agreement. The deed of trust may contain provisions relating to:
(1) the construction, improvement, operation, maintenance, and repair of a project and to the authority's duties regarding those actions;
(2) the application and safeguarding of funds under the control of the authority;
(3) the rights and remedies of the trustee and bondholders, including a restriction on a right of action of bondholders; and
(4) terms of the revenue bonds or the resolution authorizing their issuance.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Renumbered from Local Government Code, Section 431.032 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(d)(2), eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.601.htm
- Text hash
- sha256 031d231d69b5d1b89e1b19b4bae4e7ef8544aa1b5e668478414ae450055618f0
- 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.