Tex. Spec. Dist. Local Laws Code § 21.406 · Subchapter I. BONDS
BOND PROVISIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In an order or resolution authorizing the issuance of bonds, including refunding bonds, the board may:
(1) provide for the flow of money;
(2) provide for the establishment and maintenance of an interest and sinking fund, a reserve fund, and other funds; and
(3) prohibit the further issuance of bonds or other obligations payable from the pledged fees or reserve the right to issue additional bonds to be secured by a pledge of and payable from the pledged fees on a parity with or subordinate to the pledge in support of the bonds being issued; and
(4) provide for other provisions as the board determines.
(b) The board may adopt and have executed any other proceeding or instrument necessary and convenient in the issuance of bonds.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.01, 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/SD/htm/SD.21.htm
- Text hash
- sha256 c67695bac11fde29996e893b4e84976321f209795f295eaf10bd6a0d843b61c0
- 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.