Texas § 8270.253 TRUST INDENTURE.

Texas Statutes

§ 8270.253 — TRUST INDENTURE.

Texas § 8270.253

Code SDSpecial District Local Laws Code

This text of Texas § 8270.253 (TRUST INDENTURE.) 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. Special District Local Laws Code Code Ann. § 8270.253 (2026).

Text

Sec. 8270.253. TRUST INDENTURE. A trust indenture created under Section 8270.252 , regardless of the existence of a deed of trust or mortgage lien on the property, may:

(1)provide for the security of the bonds and the preservation of the trust estate in the manner prescribed by the board;

(2)provide for amendment or modification of the trust indenture;

(3)provide for the issuance of bonds to replace lost or mutilated bonds;

(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

(5)provide for the investment of district money.

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Sec. 8270.253. TRUST INDENTURE. A trust indenture created under Section 8270.252 , regardless of the existence of a deed of trust or mortgage lien on the property, may:
(1) provide for the security of the bonds and the preservation of the trust estate in the manner prescribed by the board;
(2) provide for amendment or modification of the trust indenture;
(3) provide for the issuance of bonds to replace lost or mutilated bonds;
(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
(5) provide for the investment of district money.

Legislative History

Redesignated from Special District Local Laws Code, Chapter 9013 and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 21.101, eff. September 1, 2009.