Tex. Water Code § 20.109 · Subchapter E. BOND PROCEDURES
RESOLUTIONS, ORDERS, ETC.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The resolutions or orders authorizing the bonds may prohibit the further issuance of bonds or other obligations payable from the pledged revenue or may reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued.
(b) The orders or resolutions of the board issuing bonds may include other provisions and covenants that the board determines necessary.
(c) In a resolution or order authorizing the issuance of the authority's bonds, the board may prescribe systems, methods, routines, and procedures under which the authority will function.
(d) The board may adopt and have executed any other proceedings or instruments necessary and convenient in the issuance of bonds.
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 7a3275afca8bbe19804e48ac01341edfe56cf6582f9e9f5a9952073dc3867f49
- 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.