Sec. 8288.208. 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 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8288 - Meeker Municipal Water District
Section 8288.201. Authority to Issue Bonds
Section 8288.202. Form of Bonds
Section 8288.204. Bonds Secured by Revenue; Additional Bonds
Section 8288.205. Additional Security
Section 8288.206. Trust Indenture
Section 8288.207. Charges for District Services
Section 8288.208. State Pledge Regarding Rights and Remedies of Bondholders
Section 8288.209. Use of Bond Proceeds
Section 8288.210. Appointment of Receiver
Section 8288.211. Refunding Bonds
Section 8288.212. Other Remedies and Covenants