Text of section effective on April 01, 2021
Sec. 9078.0153. SECURITY FOR REVENUE BONDS. For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:
(1) any part or all of the district's property and facilities acquired or to be acquired;
(2) a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and
(3) anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.05, eff. April 1, 2021.
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