{"data":{"id":"us-tx/tex.-transportation-code-283.206","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 283.206","heading":"BOND PROVISIONS.","body":"(a) A bond authorized by this chapter shall contain the following clause: \"The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation.\"\n(b) A bond instrument may contain provisions:\n(1) that restrict individual rights of action of a bondholder;\n(2) that detail the rights and remedies of a bondholder and a trustee;\n(3) to protect and enforce as reasonable the rights and remedies of a bondholder, including covenants detailing the duties of the county in:\n(A) acquiring property and constructing, maintaining, operating, repairing, and insuring the project; and\n(B) maintaining custody of the bond proceeds and revenues and safeguarding and applying the funds; and\n(4) to secure as reasonable a bondholder, including covenants detailing:\n(A) an event that constitutes an event of default;\n(B) terms and conditions that would or could result in an acceleration of the bond maturity date; and\n(C) rights, liabilities, powers, and duties that arise because of a breach by the county.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE D. ROAD LAWS RELATING TO PARTICULAR COUNTIES","CHAPTER 283. CAUSEWAYS, BRIDGES, AND TUNNELS IN CERTAIN COUNTIES","SUBCHAPTER C. PROVISIONS RELATING TO BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.283.htm#283.206","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"df5265c6268cf98fb3a54a1e90cae6c47da6232ef106d1679628de2d133187c7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-283.205","next":"us-tx/tex.-transportation-code-283.207"},"notice":"GroundRules: Original legal text. Not legal advice."}