Sec. 53B.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.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53B - Higher Education Loan Authorities
Subchapter C. Powers and Duties
Section 53B.31. No Taxing Power
Section 53B.32. No Power of Eminent Domain
Section 53B.35. Issuance of Bonds; Procedure; Etc
Section 53B.37. Junior Lien Bonds; Parity Bonds
Section 53B.38. Reserves for Operating and Other Expenses
Section 53B.39. Refunding Bonds
Section 53B.40. Approval of Bonds; Registration; Negotiability
Section 53B.41. Authorized Investments
Section 53B.42. Investment of Funds; Security
Section 53B.45. Transactions With Other Agencies and Persons
Section 53B.48. Qualified Nonprofit Corporation Acting for or on Behalf of Two or More Cities