Section 53B.37. Junior Lien Bonds; Parity Bonds

TX Educ Code § 53B.37 (2019) (N/A)

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Sec. 53B.37. JUNIOR LIEN BONDS; PARITY BONDS. Bonds constituting a junior lien on the net revenue or properties may be issued unless prohibited by the bond resolution or trust indenture. Parity bonds may be issued under conditions specified in the bond resolution or trust indenture.

Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.

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Section 53B.35. Issuance of Bonds; Procedure; Etc

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Section 53B.38. Reserves for Operating and Other Expenses