(a) Bonds issued under this chapter may be additionally secured by:
- (1) an encumbrance on any real property relating to a facility authorized by this chapter owned or to be acquired by the local government;
- (2) an encumbrance on any personal property appurtenant to that real property; or
- (3) a pledge of any portion of any grant, donation, revenue, or income received or to be received from the United States or any other public or private source.
- (b) The governing body of the local government may authorize the execution of a trust indenture, mortgage, deed of trust, or other instrument as evidence of the encumbrance.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.