Tex. Spec. Dists. Code § 21.407

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

Section 21.407 - Mandamus By Bondholders

A holder of a district bond is entitled, in addition to any other right or remedy provided by law, to a writ of mandamus requiring the district and its officials to observe and perform any covenant, condition, or obligation provided by the order or resolution authorizing issuance of the bond that the district fails to observe or perform, including:

(1) a default in the payment of principal, interest, or redemption price on the bond when due; and

(2) a failure to make payment into any fund created in the order or resolution.

Tex. Spec. Dist. Loc. Laws § 21.407

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.01, eff. 4/1/2009.