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Tex. Transp. Code § 365.035

BONDHOLDER PROTECTION

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff

The trust indenture or the resolution or order authorizing the issuance of bonds under this chapter may include provisions to protect and enforce the rights and remedies of bondholders, including covenants determining the district's duties in relation to:

(1) the acquisition and financing of the toll road project; and

(2) the custody, safeguarding, and application of the district's toll road revenues.

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