Tex. Transp. Code § 172.302 · Subchapter G. BONDS
SECURITY FOR PAYMENT OF BONDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To secure payment of district bonds, the district may:
(1) encumber and pledge all or part of the revenue of its rail facilities; and
(2) encumber all or part of the property of the rail facilities and everything pertaining to them acquired or to be acquired.
(b) Unless prohibited by the resolution or indenture relating to outstanding bonds, a district may encumber separately any item of property.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.172.htm
- Text hash
- sha256 9e3244c424b51a2fab480c455daf0773f8623badfc3102bccf9181977ec5cfb0
- 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.