GroundRules
Tex. Health and Safety Code § 362.038: OTHER SECURITY.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 5. SANITATION AND ENVIRONMENTAL QUALITY
- SUBTITLE B. SOLID WASTE, TOXIC CHEMICALS, SEWAGE, LITTER, AND WATER
- CHAPTER 362. SOLID WASTE RESOURCE RECOVERY FINANCING ACT
- SUBCHAPTER C. BONDS
(a) The bonds may be additionally secured by a mortgage, deed of trust lien, or security interest in a designated system of the issuer's governing body and all property and rights appurtenant to the system.
(b) The mortgage, deed of trust lien, or security interest may give the trustee the power to operate the system, sell the system to pay the debt, or take any other action to secure the bonds.
(c) A purchaser at a sale under a mortgage or deed of trust lien is the absolute owner of the system and rights purchased.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON