Tex. Spec. Dist. Local Laws Code § 8104.315 · Subchapter G. BONDS AND NOTES
STATE PLEDGE REGARDING RIGHTS AND REMEDIES OF BOND OR NOTE HOLDERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The state pledges to and agrees with the holders of bonds or notes issued under this chapter that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holders that are consistent with this chapter or impair the rights and remedies of the holders until the following are fully discharged:
(1) the bonds or notes;
(2) interest on the bonds or notes;
(3) interest on any unpaid installments of interest; and
(4) all costs and expenses for which the authority is liable related to an action or proceeding by or on behalf of the holders.
(b) The authority may include the state's pledge and agreement under Subsection (a) in an agreement with the holders of the bonds or notes.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8104.htm
- Text hash
- sha256 240ef0e2a0f4dc710b44f2765ac90e21349ccfa86a8929b399cfe2ce912d47c7
- 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.