Sec. 293.052. JUNIOR LIEN BONDS; PARITY BONDS. (a) The authority may issue bonds constituting a junior lien on net revenues or property of the authority unless prohibited by the bond resolution or trust indenture.
(b) The authority may issue parity bonds under conditions specified in the bond resolution or trust indenture.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle B - County Public Buildings
Chapter 293 - County Building Authority Act
Section 293.051. Revenue Bonds
Section 293.052. Junior Lien Bonds; Parity Bonds
Section 293.053. Examination and Approval
Section 293.054. Legal and Authorized Investments