Section 9057.152. Certain Bond Covenants Authorized

TX Spec Dist Code § 9057.152 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.