Tex. Spec. Dist. Local Laws Code § 9078.0153 · Subchapter D. BONDS
SECURITY FOR REVENUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:
(1) any part or all of the district's property and facilities acquired or to be acquired;
(2) a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and
(3) anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.05, eff. April 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9078.htm
- Text hash
- sha256 5c95884d73742dd31b772d7f028e40f9026edccd044d54357d5e1cd394c46897
- 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.