Sec. 53.37. JUNIOR LIEN BONDS; PARITY BONDS. Bonds constituting a junior lien on the net revenue or properties may be issued unless prohibited by the bond resolution or trust indenture. Parity bonds may be issued under conditions specified in the bond resolution or trust indenture.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53 - Higher Education Facility Authorities for Public Schools
Subchapter C. Powers and Duties
Section 53.31. No Taxing Power
Section 53.32. No Power of Eminent Domain
Section 53.33. Limited Power to Acquire, Own, and Operate Educational and Housing Facilities
Section 53.331. Refinancing Facilities
Section 53.35. Issuance of Bonds; Procedure; Etc
Section 53.351. Bonds for Open-Enrollment Charter School Facilities
Section 53.352. Limitation on Liability of Corporation
Section 53.36. Bond Resolution; Notice; Election
Section 53.37. Junior Lien Bonds; Parity Bonds
Section 53.38. Reserves for Operating and Other Expenses
Section 53.39. Refunding Bonds
Section 53.40. Approval of Bonds; Registration; Negotiability
Section 53.41. Authorized Investments
Section 53.42. Investment of Funds; Security
Section 53.44. Operation of Facilities; Rates Charged; Reserve Funds
Section 53.45. Transactions With Other Agencies and Persons