{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8504.302","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8504.302","heading":"COVENANTS FOR MARKETABILITY.","body":"(a) As considered necessary to ensure the marketability of obligations issued under this chapter, a resolution or order authorizing issuance may contain covenants with the holders of the obligations as to:\n(1) the management and operation of the authority's improvements and facilities;\n(2) the collection of fees and charges for the use of the improvements and facilities;\n(3) the disposition of the fees and charges;\n(4) the issuance of future obligations and the 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) A covenant under this section may not be inconsistent with this chapter.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8504. LOWER NECHES VALLEY AUTHORITY","SUBCHAPTER G. OBLIGATIONS RELATING TO BORROWED MONEY"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8504.htm#8504.302","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"410ceaf234528b6a0e12888009f8e98e0c7c91db7bcef4e36015fe9db1ae489c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8504.301","next":"us-tx/tex.-special-district-local-laws-code-8504.303"},"notice":"GroundRules: Original legal text. Not legal advice."}