Sec. 8508.0258. ADDITIONAL OBLIGATIONS. A pledge of revenue may reserve the right, under specified conditions, to issue additional obligations that will be on a parity with or subordinate to the obligations then being issued.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8508 - Sulphur River Basin Authority
Subchapter F. Obligations Relating to Borrowed Money or Grants
Section 8508.0251. Loans and Grants
Section 8508.0253. Power to Issue Bonds or Other Obligations
Section 8508.0254. Refunding Bonds
Section 8508.0255. Form of Obligations
Section 8508.0257. Trust Indenture
Section 8508.0258. Additional Obligations
Section 8508.0259. Additional Provisions in Resolution Authorizing Obligations or Trust Indenture