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Texas Education Code - Section 53A.37. Junior Lien Bonds; Parity Bonds

Legal Research Home > Texas Lawyer > Education Code > Texas Education Code - Section 53A.37. Junior Lien Bonds; Parity Bonds

§ 53A.37. JUNIOR LIEN BONDS;  PARITY BONDS.  Bonds 
constituting a junior lien on the net revenue or properties may be 
issued unless prohibited by the bond resolution or trust indenture.  
Parity bonds may be issued under conditions specified in the bond 
resolution or trust indenture.

Added by Acts 2005, 79th Leg., ch. 641, § 2, eff. Sept. 1, 2005.           

Last modified: August 10, 2007