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Texas Transportation Code - Section 283.205. Trust Indenture Permitted

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 283.205. Trust Indenture Permitted

§ 283.205. TRUST INDENTURE PERMITTED.  (a) A bond 
authorized by this chapter may be secured by a trust indenture 
between the county and a corporate trustee that is a trust company 
or bank with the powers of a trust company.
	(b)  A trust indenture may pledge or assign revenues.                          
	(c)  A trust indenture may not convey or mortgage all or part 
of the project.

Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.                    

Last modified: August 10, 2007