Sec. 6906.208. STATE PLEDGE REGARDING RIGHTS AND REMEDIES OF BONDHOLDERS. Without depriving this state of its power to regulate and control the rates, fees, and charges assessed for water sold and waste collection and treatment services provided by the district, the state pledges to and agrees with the holders of district bonds that the state will not exercise its power to regulate and control the rates, fees, and charges in any way that would impair the rights or remedies of the holders of the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle B - Fresh Water Supply Districts
Chapter 6906 - Coryell City Water Supply District
Section 6906.201. Authority to Issue Bonds
Section 6906.202. Form of Bonds
Section 6906.204. Bonds Secured by Revenue; Additional Bonds
Section 6906.205. Additional Security
Section 6906.206. Trust Indenture
Section 6906.207. Charges for District Services
Section 6906.208. State Pledge Regarding Rights and Remedies of Bondholders
Section 6906.209. Use of Bond Proceeds
Section 6906.210. Appointment of Receiver
Section 6906.211. Refunding Bonds
Section 6906.212. Other Remedies and Covenants