GroundRules
Tex. Local Government Code § 303.077: PERFECTION OF SECURITY INTEREST.
Where this section sits in the code
- LOCAL GOVERNMENT CODE
- TITLE 9. PUBLIC BUILDINGS AND GROUNDS
- SUBTITLE C. PUBLIC BUILDING PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT
- CHAPTER 303. PUBLIC FACILITY CORPORATIONS
- SUBCHAPTER C. BONDS
(a) This section applies only to a security interest granted by:
(1) a corporation as security for its bonds;
(2) a credit agreement pledged as security for the obligations of the corporation on the bonds; or
(3) a credit agreement issued or entered into in connection with the bonds.
(b) Notwithstanding Section 9.109(d), Business & Commerce Code, and without any other filing, a security interest is perfected until payment of the bonds and credit agreement, with the effect specified by Chapter 9, Business & Commerce Code, when the bonds are registered by the comptroller and the proceedings authorizing the bonds are filed with the comptroller.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.104(a), eff. Sept. 1, 2001.
Collected 2026-08-27T01:47:27Z. Source file · JSON