{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8501.260","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8501.260","heading":"COVENANTS FOR MARKETABILITY.","body":"(a) A resolution or order authorizing the issuance of obligations under this chapter may contain covenants with the holders of the obligations on the following subjects as considered necessary to ensure the marketability of the obligations:\n(1) management and operation of the improvements and facilities of the authority;\n(2) collection of fees for the use of the improvements and facilities;\n(3) disposition of the fees;\n(4) issuance of future obligations and creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and\n(5) other pertinent matters.\n(b) The covenants may not be inconsistent with this chapter.\nActs 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8501. ANGELINA AND NECHES RIVER AUTHORITY","SUBCHAPTER F. OBLIGATIONS RELATING TO BORROWED MONEY"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8501.htm#8501.260","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"3ba5aeffd82a3616707fae07a485ea217fbbac92d7631892dbcbd41100679866","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8501.259","next":"us-tx/tex.-special-district-local-laws-code-8501.261"},"notice":"GroundRules: Original legal text. Not legal advice."}