{"data":{"id":"us-tx/tex.-health-and-safety-code-383.028","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 383.028","heading":"TRUSTS AS SECURITY.","body":"(a) The governing body may additionally secure bonds, including refunding bonds, by a trust indenture under which the trustee may be a bank having trust powers located inside or outside the state.\n(b) Regardless of any mortgage, deed of trust lien, or security interest under Section 383.029, the trust indenture may:\n(1) contain any provision that the governing body prescribes for the security of the bonds and the preservation of the trust estate;\n(2) provide for amendment or modification of the trust indenture;\n(3) condition the right to spend the issuer's money or sell an issuer's control facility on approval of a registered professional engineer selected as provided by the trust indenture;\n(4) contain provisions governing issuance of bonds to replace lost, stolen, or mutilated bonds; and\n(5) otherwise provide for protecting and enforcing a bondholder's rights and remedies as is reasonable, proper, and lawful.\nActs 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.","path":["HEALTH AND SAFETY CODE","TITLE 5. SANITATION AND ENVIRONMENTAL QUALITY","SUBTITLE C. AIR QUALITY","CHAPTER 383. CLEAN AIR FINANCING ACT","SUBCHAPTER C. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.383.htm#383.028","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"364bb1845953faf51bf3ee1a262834483629ce1848c64a8836282428389d9690","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-383.027","next":"us-tx/tex.-health-and-safety-code-383.029"},"notice":"GroundRules: Original legal text. Not legal advice."}