Sec. 9601.210. 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. 523 (S.B. 1223), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle L - Municipal Water Districts
Chapter 9601 - Riverbend Water Resources District
Section 9601.201. Authority to Issue Bonds
Section 9601.202. Form of Bonds
Section 9601.204. Bonds Secured by Revenue; Additional Bonds
Section 9601.205. Additional Security
Section 9601.206. Delegation of Authority
Section 9601.207. Trust Indenture
Section 9601.208. Credit Agreement
Section 9601.209. Charges for District Services
Section 9601.210. State Pledge Regarding Rights and Remedies of Bondholders
Section 9601.211. Use of Bond Proceeds
Section 9601.212. Additional Authority to Provide Debt Service Reserve
Section 9601.213. Refunding Bonds
Section 9601.214. Remedies and Covenants
Section 9601.215. Limitation on Rights of Bondholders