Tex. Spec. Dist. Local Laws Code § 9023.152 · Subchapter D. BONDS

CERTAIN BOND COVENANTS AUTHORIZED.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A resolution authorizing the issuance of district bonds may contain any covenant the board considers necessary to ensure:

(1) the creation and maintenance of proper reserves; and

(2) the payment of the principal of and interest on the bonds.

Notes and commentary — not statutory text

History

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9023.htm
Text hash: sha256 ccbf5f18d1f21118a0658ac1faa59325602cae4c643763ae9228093040d2750f
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.