Sec. 362.036. SECURITY MAY APPLY TO ADDITIONAL BONDS. (a) A pledge under Section 362.035 may reserve the right, under conditions specified by the pledge, to issue additional bonds to be on a parity with or subordinate to the bonds secured by the pledge.
(b) Bonds issued under this chapter may be combined in the same issue with bonds issued for other purposes authorized by law.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 362 - Solid Waste Resource Recovery Financing Act
Section 362.031. Authority to Issue Bonds and Bond Anticipation Notes
Section 362.032. Form and Procedure
Section 362.034. Approval and Registration
Section 362.035. Pledge of Revenue and Other Amounts as Security
Section 362.036. Security May Apply to Additional Bonds
Section 362.037. Trust as Security
Section 362.038. Other Security
Section 362.039. Action by Bondholders
Section 362.040. Investment and Use of Proceeds
Section 362.041. Refunding Bonds