{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9092.0509","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9092.0509","heading":"TRUST INDENTURE.","body":"Text of section effective on April 01, 2027\n(a) District bonds, including revenue bonds, that are not payable wholly from ad valorem taxes may be additionally secured by a trust indenture. The trustee may be a bank with trust powers located inside or outside this state.\n(b) A trust indenture, regardless of the existence of a deed of trust or mortgage lien on property, may:\n(1) contain any provisions prescribed by the board for the security of the bonds and the preservation of the trust estate;\n(2) provide for amendment or modification of the trust indenture;\n(3) provide for the issuance of bonds to replace lost or mutilated bonds;\n(4) condition the right to spend district money or sell district property on the approval of a licensed engineer selected as provided by the trust indenture; and\n(5) provide for the investment of district money.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.03, eff. April 1, 2027.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS","CHAPTER 9092. FRANKLIN COUNTY WATER DISTRICT","SUBCHAPTER E. BORROWED MONEY; BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9092.htm#9092.0509","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"2a4a7fabc56be476eeea5f124a3f9a54362aad0bb0a157b65c03b0ed5f512e16","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9092.0508","next":"us-tx/tex.-special-district-local-laws-code-9092.0510"},"notice":"GroundRules: Original legal text. Not legal advice."}