{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8504.303","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8504.303","heading":"HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE.","body":"(a) A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the board's performance of all duties required by this chapter, including:\n(1) setting and collecting reasonable and sufficient fees or charges for the use of the authority's improvements and facilities;\n(2) segregating the income and revenue of the improvements and facilities; and\n(3) applying the income and revenue under this chapter.\n(b) The holder of the obligations or coupons may act under Subsection (a):\n(1) at law or in equity; and\n(2) by an action, mandamus, or other proceeding.\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#8504.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"d6984e5693348900d2d94226d8e40c8478560f2cbf0c6d0a86c990cb7532b5da","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8504.302","next":"us-tx/tex.-special-district-local-laws-code-8504.304"},"notice":"GroundRules: Original legal text. Not legal advice."}