Tex. Water Code § 20.076 · Subchapter D. POLITICAL SUBDIVISION BONDS
ENFORCEMENT OF POLITICAL SUBDIVISION BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If there is a default in the payment of principal of or interest on political subdivision bonds purchased by the authority or any other default as defined in the proceedings or indentures authorizing the issuance of the bonds, the attorney general shall institute appropriate proceedings for mandamus or other legal remedies to compel the political subdivision or its officers, agents, and employees to cure the default by performing those duties that they are legally obligated to perform.
(b) The proceedings shall be brought and venue shall be in a district court of Travis County.
(c) This section is cumulative of any other rights or remedies to which the board may be entitled.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm
- Text hash
- sha256 1719b4cd25f975a0895a06395039226bda25d947230d43878aa1709f2cb1e998
- 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.