Tex. Educ. Code Section 53B.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.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.

Source: Section 53B.37 — Junior Lien Bonds; Parity Bonds, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­53B.­htm#53B.­37 (accessed May 26, 2025).

Verified:
May 26, 2025

§ 53B.37. Junior Lien Bonds; Parity Bonds's source at texas​.gov