Sec. 9059.203. CERTAIN BOND COVENANTS AUTHORIZED. A resolution authorizing the issuance of district bonds may contain any covenant the board considers necessary to ensure:
(1) the creation and maintenance of proper reserves; and
(2) the payment of the principal of and interest on the bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9059 - Rio Grande Palms Water District
Section 9059.201. Authority to Issue Bonds
Section 9059.202. Exchanging Bonds for Property
Section 9059.203. Certain Bond Covenants Authorized
Section 9059.205. Use of Bond Proceeds