{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9015.358","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9015.358","heading":"ADDITIONAL SECURITY.","body":"(a) Bonds, including refunding bonds, authorized by the law that are not payable wholly from ad valorem taxes may be additionally secured, at the discretion of the board, by a deed of trust or mortgage lien on physical property of the authority, franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee power to:\n(1) sell the property for the payment of the debt;\n(2) operate the property; and\n(3) take other action to further secure the bonds.\n(b) A purchaser under a sale under the deed of trust lien, if one is given:\n(1) is the absolute owner of property, facilities, and rights purchased; and\n(2) is entitled to maintain and operate the property, facilities, and rights.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.\nRenumbered from Special District Local Laws Code, Section 9009.358 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.001(85), eff. September 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS","CHAPTER 9015. ALICE WATER AUTHORITY","SUBCHAPTER H. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9015.htm#9015.358","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"db01c8d60304efd5b0f27a41014aee6e50ce6e6ea632dd99ab200afb6b4beae4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9015.357","next":"us-tx/tex.-special-district-local-laws-code-9015.359"},"notice":"GroundRules: Original legal text. Not legal advice."}