Tex. Water Code § 60.119 · Subchapter E. POWERS OF DISTRICTS FOR IMPROVEMENT OF PORT FACILITIES
COVENANTS FOR MANAGEMENT AND OPERATION OF IMPROVEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A resolution or order authorizing the issuance of obligations under this subchapter may include covenants with the holders of the obligations relating to:
(1) the management and operation of the improvements and facilities;
(2) the collection of fees and charges for the use of the improvements and facilities;
(3) the disposition of the fees and charges;
(4) the issuance of future obligations and creation of future liens and encumbrances against the improvements, facilities, and the revenue from them; and
(5) other pertinent matters, as may be deemed necessary to insure the marketability of the obligations.
(b) The covenants shall not be inconsistent with the provisions of this subchapter.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.60.htm
- Text hash
- sha256 4093d1cbf55e381e356f36943da87f01694fd577feddbdcedb9584a6c3d23c39
- 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.