Texas § 772.527 PROVISIONS OF BONDS.

Texas Statutes

§ 772.527 — PROVISIONS OF BONDS.

Texas § 772.527

Code HSHealth and Safety Code

This text of Texas § 772.527 (PROVISIONS OF BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Health and Safety Code Code Ann. § 772.527 (2026).

Text

Sec. 772.527. PROVISIONS OF BONDS.

(a)In this section, "resolution" means a board resolution authorizing the issuance of bonds, including refunding bonds.

(b)In a resolution, the board may:

(1)provide for the flow of funds and the establishment and maintenance of an interest and sinking fund, reserve fund, or other fund; and

(2)make additional covenants with respect to the bonds, the pledged revenues, and the operation and maintenance of any facilities the revenue of which is pledged.

(c)A resolution may:

(1)prohibit the further issuance of bonds or other obligations payable from the pledged revenue; or

(2)reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bond

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Sec. 772.527. PROVISIONS OF BONDS. (a) In this section, "resolution" means a board resolution authorizing the issuance of bonds, including refunding bonds.
(b) In a resolution, the board may:
(1) provide for the flow of funds and the establishment and maintenance of an interest and sinking fund, reserve fund, or other fund; and
(2) make additional covenants with respect to the bonds, the pledged revenues, and the operation and maintenance of any facilities the revenue of which is pledged.
(c) A resolution may:
(1) prohibit the further issuance of bonds or other obligations payable from the pledged revenue; or
(2) reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued.
(d) A resolution may contain other provisions and covenants determined by the board.
(e) The board may adopt and have executed any other proceedings or instruments necessary or convenient for issuance of bonds.