Texas § 8501.261 HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE.

Texas Statutes

§ 8501.261 — HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE.

Texas § 8501.261

Code SDSpecial District Local Laws Code

This text of Texas § 8501.261 (HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE.) 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. § 8501.261 (2026).

Text

Sec. 8501.261. HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE.

(a)A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the performance by the board of all duties required of the board by this chapter, including:

(1)setting and collecting reasonable and sufficient fees for the use of the improvements and facilities of the authority;

(2)segregating the income and revenue of the improvements and facilities; and

(3)applying the income and revenue under this chapter.

(b)The holder of the obligations or coupons may act under Subsection (a):

(1)at law or in equity; and

(2)by a suit, action, mandamus, or other proceeding.

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Sec. 8501.261. HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE. (a) A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the performance by the board of all duties required of the board by this chapter, including:
(1) setting and collecting reasonable and sufficient fees for the use of the improvements and facilities of the authority;
(2) segregating the income and revenue of the improvements and facilities; and
(3) applying the income and revenue under this chapter.
(b) The holder of the obligations or coupons may act under Subsection (a):
(1) at law or in equity; and
(2) by a suit, action, mandamus, or other proceeding.