Texas § 8504.302 COVENANTS FOR MARKETABILITY.

Texas Statutes

§ 8504.302 — COVENANTS FOR MARKETABILITY.

Texas § 8504.302

Code SDSpecial District Local Laws Code

This text of Texas § 8504.302 (COVENANTS FOR MARKETABILITY.) 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. § 8504.302 (2026).

Text

Sec. 8504.302. COVENANTS FOR MARKETABILITY.

(a)As considered necessary to ensure the marketability of obligations issued under this chapter, a resolution or order authorizing issuance may contain covenants with the holders of the obligations as to:

(1)the management and operation of the authority's improvements and facilities;

(2)the collection of fees and charges for the use of the improvements and facilities;

(3)the disposition of the fees and charges;

(4)the issuance of future obligations and the creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and

(5)other pertinent matters.

(b)A covenant under this section may not be inconsistent with this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 8504.302. COVENANTS FOR MARKETABILITY. (a) As considered necessary to ensure the marketability of obligations issued under this chapter, a resolution or order authorizing issuance may contain covenants with the holders of the obligations as to:
(1) the management and operation of the authority's improvements and facilities;
(2) the collection of fees and charges for the use of the improvements and facilities;
(3) the disposition of the fees and charges;
(4) the issuance of future obligations and the creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and
(5) other pertinent matters.
(b) A covenant under this section may not be inconsistent with this chapter.