Tex. Loc. Gov't Code § 293.052 – Junior Lien Bonds; Parity Bonds | Midpage

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Texas Statutes

§ 293.052

Tex. Loc. Gov't Code § 293.052

Junior Lien Bonds; Parity Bonds

Effective Sep 1, 1987Acts 1987, 70th Leg., ch. 149

(a) The authority may issue bonds constituting a junior lien on net revenues or property of the authority unless prohibited by the bond resolution or trust indenture.
(b) The authority may issue parity bonds under conditions specified in the bond resolution or trust indenture.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.