Tex. Transp. Code § 173.302 · 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 or notes, the district may:
(1) encumber and pledge all or part of the revenue of its commuter rail facilities; and
(2) encumber all or part of the property of the commuter rail facilities and everything pertaining to them acquired or to be acquired.
(b) Unless prohibited by the resolution or indenture relating to outstanding bonds or notes, 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.173.htm
- Text hash
- sha256 447676e144ad6855b61982e5c3631ef8135dddd39a2b31e30d60c9da077e8245
- 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.