Sec. 283.209. RECEIVERSHIP. (a) A receiver appointed under Section 283.208, acting in the same manner as the county, may:
(1) take possession of the project;
(2) maintain the project; and
(3) collect and receive revenues received from the project.
(b) The receiver shall dispose of and apply revenues:
(1) according to the obligations of the county under the bond instrument; and
(2) as directed by a court.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
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