Tex. Transp. Code § 283.205 · Subchapter C. PROVISIONS RELATING TO BONDS
TRUST INDENTURE PERMITTED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A bond authorized by this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or bank with the powers of a trust company.
(b) A trust indenture may pledge or assign revenues.
(c) A trust indenture may not convey or mortgage all or part of the project.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.283.htm
- Text hash
- sha256 c0ab8fba4a0033293f14353fd6209fdb9638ab2903382ae9723dcbc9bdf44c17
- 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.