1. (a) A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the board's performance of all duties required by this chapter, including:

   1. (1) setting and collecting reasonable and sufficient fees or charges for the use of the authority's improvements and facilities;
   2. (2) segregating the income and revenue of the improvements and facilities; and
   3. (3) applying the income and revenue under this chapter.

2. (b) The holder of the obligations or coupons may act under Subsection (a):

   1. (1) at law or in equity; and
   2. (2) by an action, mandamus, or other proceeding.

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