Tex. Transp. Code § 283.208 · Subchapter C. PROVISIONS RELATING TO BONDS
RIGHTS OF BONDHOLDERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A bond issued under this chapter creates and grants a lien on bond proceeds in favor of a bondholder until the bond is paid.
(b) In addition to other legal remedies, a bondholder may enforce the bondholder's rights against:
(1) a county and its employees; and
(2) a board, including an agent or employee, created to operate the project.
(c) A bondholder's rights include the right to:
(1) require the county or board to:
(A) impose and collect sufficient tolls and other charges to carry out agreements in the bond instrument; and
(B) perform an agreement, covenant, or duty provided in the bond instrument; and
(2) apply for and obtain the appointment of a receiver for 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 3242476a0f0161b038cc5875914d0f7c028e60fedc316e9eb9f0a251898743cc
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Transp. Code § 283.208. Each shows the citation as that text prints it.
Transportation Code
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.