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Tex. Spec. Dist. Local Laws Code § 9078.0153

SECURITY FOR REVENUE BONDS

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.05, eff

For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:

(1) any part or all of the district's property and facilities acquired or to be acquired;

(2) a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and

(3) anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.