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

Tex. Special District Local Laws Code § 8508.0259: ADDITIONAL PROVISIONS IN RESOLUTION AUTHORIZING OBLIGATIONS OR TRUST INDENTURE.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 6. WATER AND WASTEWATER
SUBTITLE G. RIVER AUTHORITIES
CHAPTER 8508. SULPHUR RIVER BASIN AUTHORITY
SUBCHAPTER F. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS

(a) The resolution authorizing obligations or the trust indenture further securing obligations may specify additional provisions that constitute a contract between the authority and the owners of those obligations.

(b) The board may provide for the additional provisions, including a corporate trustee or receiver provided by the authority to take possession of authority facilities in the event of the authority's default in fulfilling the covenants.

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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