1. (a) As considered necessary to ensure the marketability of obligations issued under this chapter, a resolution or order authorizing issuance may contain covenants with the holders of the obligations as to:

   1. (1) the management and operation of the authority's improvements and facilities;
   2. (2) the collection of fees and charges for the use of the improvements and facilities;
   3. (3) the disposition of the fees and charges;
   4. (4) the issuance of future obligations and the creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and
   5. (5) other pertinent matters.
2. (b) A covenant under this section may not be inconsistent with this chapter.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.