Tex. Educ. Code § 53.37

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 53.37 - Junior Lien Bonds; Parity Bonds

Bonds constituting a junior lien on the net revenue or properties may be issued unless prohibited by the bond resolution or trust indenture. Parity bonds may be issued under conditions specified in the bond resolution or trust indenture.

Tex. Educ. Code § 53.37

Reenacted and amended by Acts 2005, 79th Leg., Ch. 641, Sec. 1, eff. 9/1/2005.

Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. 9/1/1971.