{"data":{"id":"us-tx/tex.-local-government-code-501.157","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 501.157","heading":"DEFAULT ON AGREEMENT; ENFORCEMENT.","body":"An agreement relating to a project must provide that if a default occurs in the payment of the principal of or the interest or premium on the bonds or in the performance of any agreement contained in a proceeding, mortgage, or instrument, the payment or performance may be enforced by:\n(1) mandamus; or\n(2) the appointment of a receiver in equity with the power to:\n(A) charge and collect rents, purchase price payments, and loan payments; and\n(B) apply the revenue from the project in accordance with the resolution, mortgage, or instrument.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS","SUBCHAPTER D. CORPORATE POWERS AND LIMITATIONS RELATING TO PROJECTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm#501.157","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"8704581508cf28461eefe62d7ad14586640af2cd8269ed0a090ee3dddc840f84","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-501.156","next":"us-tx/tex.-local-government-code-501.158"},"notice":"GroundRules: Original legal text. Not legal advice."}