Sec. 365.035. BONDHOLDER PROTECTION. The trust indenture or the resolution or order authorizing the issuance of bonds under this chapter may include provisions to protect and enforce the rights and remedies of bondholders, including covenants determining the district's duties in relation to:
(1) the acquisition and financing of the toll road project; and
(2) the custody, safeguarding, and application of the district's toll road revenues.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 365 - Road District Toll Roads
Subchapter C. Financial Provisions
Section 365.031. Authority to Issue Bonds
Section 365.032. Bond Election
Section 365.033. Sale of Bonds
Section 365.034. Bond Security
Section 365.035. Bondholder Protection
Section 365.036. Refunding Bonds
Section 365.037. County Ad Valorem Tax
Section 365.038. County Payments Relating to District Bonds
Section 365.039. County Bonds and Certificates of Obligation
Section 365.040. Authority for Tolls and Charges
Section 365.041. Amount of Tolls
Section 365.042. Fines and Penalties
Section 365.043. County Expenses
Section 365.044. Costs of Certain Acquisitions and Alterations