Texas § 9078.0153 SECURITY FOR REVENUE BONDS.

Texas Statutes

§ 9078.0153 — SECURITY FOR REVENUE BONDS.

Texas § 9078.0153

Code SDSpecial District Local Laws Code

This text of Texas § 9078.0153 (SECURITY FOR REVENUE 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. Special District Local Laws Code Code Ann. § 9078.0153 (2026).

Text

Sec. 9078.0153. SECURITY FOR REVENUE BONDS. For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:

(1)any part or all of the district's property and facilities acquired or to be acquired;

(2)a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and

(3)anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.

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Sec. 9078.0153. SECURITY FOR REVENUE BONDS. For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:
(1) any part or all of the district's property and facilities acquired or to be acquired;
(2) a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and
(3) anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.