Texas Health And Safety Code § 264.046 Junior Lien Bonds; Parity Bonds

Sec. 264.046. JUNIOR LIEN BONDS; PARITY BONDS. (a) Bonds constituting a junior lien on the revenues or properties may be issued unless prohibited by the bond resolution or the trust indenture.

(b) Parity bonds may be issued under conditions specified by the bond resolution or trust indenture.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Section: Previous  264.031  264.032  264.033  264.034  264.035  264.036  264.041  264.042  264.043  264.044  264.045  264.046  264.047  264.048  264.049  Next

Last modified: September 28, 2016