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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.

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Last modified: August 10, 2007