Sec. 9057.152. CERTAIN BOND COVENANTS AUTHORIZED. An order or resolution authorizing the issuance of district bonds may contain any covenant the board considers necessary to ensure:
(1) the creation and maintenance of proper reserves; and
(2) the payment of the principal of and interest on the bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Section: Previous 9057.001 9057.002 9057.003 9057.004 9057.051 9057.101 9057.102 9057.103 9057.151Last modified: September 28, 2016