Sec. 365.035. BONDHOLDER PROTECTION. The trust indenture or the resolution or order authorizing the issuance of bonds under this chapter may include provisions to protect and enforce the rights and remedies of bondholders, including covenants determining the district's duties in relation to:
(1) the acquisition and financing of the toll road project; and
(2) the custody, safeguarding, and application of the district's toll road revenues.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Section: Previous 365.013 365.014 365.015 365.031 365.032 365.033 365.034 365.035 365.036 365.037 365.038 365.039 365.040 365.041 365.042 NextLast modified: September 28, 2016