Sec. 501.206. MONEY USED TO PAY BONDS. The principal of and interest on bonds issued by a corporation are payable only from the money provided for that payment and from the revenue of the project or projects for which the bonds were authorized.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter E. Corporate Powers and Limitations Relating to Bonds
Section 501.201. Authority to Issue Bonds
Section 501.203. Securities Commissioner Permit to Sell Securities Required
Section 501.204. Authorizing Unit's Approval of Bonds
Section 501.205. Bond Counsel and Financial Advisors
Section 501.206. Money Used to Pay Bonds
Section 501.207. Bonds Not Debt of State or Authorizing Unit
Section 501.208. Bond Security; Default
Section 501.209. Trust Agreement
Section 501.210. Financial Assurance or Responsibility Requirements for Certain Projects
Section 501.211. Use of Bond Proceeds
Section 501.212. Interim Bonds