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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Local Government Code § 293.052: JUNIOR LIEN BONDS; PARITY BONDS.

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Where this section sits in the code
  1. LOCAL GOVERNMENT CODE
  2. TITLE 9. PUBLIC BUILDINGS AND GROUNDS
  3. SUBTITLE B. COUNTY PUBLIC BUILDINGS
  4. CHAPTER 293. COUNTY BUILDING AUTHORITY ACT
  5. SUBCHAPTER C. FUNDING

(a) The authority may issue bonds constituting a junior lien on net revenues or property of the authority unless prohibited by the bond resolution or trust indenture.

(b) The authority may issue parity bonds under conditions specified in the bond resolution or trust indenture.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Collected 2026-08-27T01:47:27Z. Source file · JSON

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