{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8506.202","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8506.202","heading":"STATE PLEDGE REGARDING RIGHTS AND REMEDIES OF BONDHOLDERS.","body":"This chapter does not deprive this state of its power to regulate and control rates or charges to be collected for the use of water, water connections, power, electric energy, or another service. The state pledges to and agrees with the purchasers and successive holders of the bonds issued under this chapter that the state will not limit or alter the power this chapter gives the authority to establish and collect rates and charges that will produce revenue sufficient to pay the items specified by Section 8506.154(b) or in any way impair the rights or remedies of the holders of the bonds, or of any person in their behalf, until the following are fully met and discharged:\n(1) the bonds;\n(2) the interest on the bonds;\n(3) interest on unpaid installments of interest;\n(4) all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders; and\n(5) all other obligations of the authority in connection with the bonds.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8506. UPPER COLORADO RIVER AUTHORITY","SUBCHAPTER E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8506.htm#8506.202","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"b04a6a81dedfd50d5a64374cc2c3e046727bd6888bfb29d9b6b1d0a9c15ad6dc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8506.201","next":"us-tx/tex.-special-district-local-laws-code-8506.203"},"notice":"GroundRules: Original legal text. Not legal advice."}