Tex. Spec. Dist. Local Laws Code § 8270.252 · Subchapter F. BONDS
ADDITIONAL SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Within the discretion of the board, bonds issued under this subchapter may be additionally secured by a deed of trust or mortgage lien on physical property of the district and franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to that property, vesting in the trustee the power to:
(1) sell the property for payment of the debt;
(2) operate the property; and
(3) take any other action to secure the bonds.
(b) A purchaser under a sale under the deed of trust or mortgage lien of the property:
(1) is the absolute owner of the property, facilities, and rights purchased; and
(2) may maintain and operate the property and facilities.
Notes and commentary — not statutory text
History
Redesignated from Special District Local Laws Code, Chapter 9013 and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.101, eff. September 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.8270.htm
- Text hash
- sha256 0f6d961b19512a37cf263a76a32fef15bf581a7350912f0ae0b9bad13ebfea9d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 8270.252. Each shows the citation as that text prints it.
Special District Local Laws Code
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.