Texas § 283.208 RIGHTS OF BONDHOLDERS.

Texas Statutes

§ 283.208 — RIGHTS OF BONDHOLDERS.

Texas § 283.208

Code TNTransportation Code

This text of Texas § 283.208 (RIGHTS OF BONDHOLDERS.) 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. Transportation Code Code Ann. § 283.208 (2026).

Text

Sec. 283.208. RIGHTS OF BONDHOLDERS.

(a)A bond issued under this chapter creates and grants a lien on bond proceeds in favor of a bondholder until the bond is paid.

(b)In addition to other legal remedies, a bondholder may enforce the bondholder's rights against:

(1)a county and its employees; and

(2)a board, including an agent or employee, created to operate the project.

(c)A bondholder's rights include the right to:

(1)require the county or board to:

(A)impose and collect sufficient tolls and other charges to carry out agreements in the bond instrument; and

(B)perform an agreement, covenant, or duty provided in the bond instrument; and

(2)apply for and obtain the appointment of a receiver for the project.

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Sec. 283.208. RIGHTS OF BONDHOLDERS. (a) A bond issued under this chapter creates and grants a lien on bond proceeds in favor of a bondholder until the bond is paid.
(b) In addition to other legal remedies, a bondholder may enforce the bondholder's rights against:
(1) a county and its employees; and
(2) a board, including an agent or employee, created to operate the project.
(c) A bondholder's rights include the right to:
(1) require the county or board to:
(A) impose and collect sufficient tolls and other charges to carry out agreements in the bond instrument; and
(B) perform an agreement, covenant, or duty provided in the bond instrument; and
(2) apply for and obtain the appointment of a receiver for the project.