Section 9078.0153 - Security for Revenue Bonds For bonds authorized to be issued that are secured by and payable wholly or partly from net revenues, the board may mortgage and encumber:
(1) any part or all of the district's property and facilities acquired or to be acquired;(2) a franchise of or revenues from the operation of the district's property and facilities acquired or to be acquired; and(3) anything pertaining to the district's property and facilities acquired or to be acquired or the operation of the district's property or facilities.Tex. Spec. Dist. Loc. Laws § 9078.0153
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.05, eff. 4/1/2021.