Sec. 11007.208. STATE PLEDGE REGARDING RIGHTS AND REMEDIES OF BONDHOLDERS. Without depriving this state of its power to regulate and control the rates, fees, and charges assessed for water sold and waste collection and treatment services provided by the district, the state pledges to and agrees with the holders of district bonds that the state will not exercise its power to regulate and control the rates, fees, and charges in any way that would impair the rights or remedies of the holders of the bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11007 - West Jefferson County Municipal Water District
Section 11007.201. Authority to Issue Bonds
Section 11007.202. Form of Bonds
Section 11007.204. Bonds Secured by Revenue; Additional Bonds
Section 11007.205. Additional Security
Section 11007.206. Trust Indenture
Section 11007.207. Charges for District Services
Section 11007.208. State Pledge Regarding Rights and Remedies of Bondholders
Section 11007.209. Use of Bond Proceeds
Section 11007.210. Appointment of Receiver
Section 11007.211. Refunding Bonds
Section 11007.212. Other Remedies and Covenants