Tex. Gov't Code Section 1506.156
Additional Security


(a)

Bonds issued under this subchapter may be additionally secured by:

(1)

an encumbrance on any real property relating to a facility authorized by this subchapter owned or to be acquired by the municipality;

(2)

an encumbrance on any personal property appurtenant to that real property; or

(3)

a pledge of any portion of a grant, donation, revenue, or income received or to be received from the United States or any other public or private source.

(b)

The governing body of the municipality may authorize the execution of a trust indenture, mortgage, deed of trust, or other instrument as evidence of the encumbrance.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1506.156 — Additional Security, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1506.­htm#1506.­156 (accessed Dec. 9, 2023).

1506.001
Applicability of Subchapter
1506.002
Authority to Issue Revenue Bonds
1506.003
Pledge of Revenue
1506.004
Bonds Not Payable from Taxes
1506.005
Election
1506.006
Maturity
1506.007
Signatures
1506.008
Exemption from Taxation
1506.009
Personnel
1506.010
Fees for Services
1506.011
Additional Bonds
1506.051
Applicability of Subchapter
1506.052
Authority for Parking Facilities
1506.053
Authority to Establish Improvement Districts and Issue Bonds
1506.054
Election
1506.055
Form of Bond
1506.056
Sale of Bonds
1506.057
Interest and Sinking Fund Tax
1506.058
Proceeds of Tax
1506.059
Investment of Sinking Fund
1506.060
Eminent Domain
1506.061
Relocation or Alteration Expense
1506.101
Applicability of Subchapter
1506.102
Definition
1506.103
Authority for Parking Improvements
1506.104
Authority to Issue Revenue Bonds
1506.105
Pledge of Revenue
1506.106
Lien on Parking Improvement
1506.107
Bonds Not Payable from Taxes
1506.108
Contents of Ordinance Authorizing Bonds
1506.109
Adoption and Execution of Documents
1506.110
Maturity
1506.111
Signatures
1506.112
Sale of Bonds
1506.113
Investment of Bond Proceeds and Funds
1506.114
Charges for Services
1506.115
Refunding Bonds
1506.116
Conflict or Inconsistency with Municipal Charter
1506.151
Applicability of Subchapter
1506.152
Authority for Parking and Transportation Facilities
1506.153
Contracts and Leases
1506.154
Authority to Issue Revenue Bonds
1506.155
Pledge of Revenue
1506.156
Additional Security
1506.157
Maturity
1506.158
Additional Bonds
1506.159
Sale of Bonds
1506.160
Review and Approval of Contracts Relating to Bonds
1506.161
Charges
1506.162
Refunding Bonds
1506.163
Public Purpose
1506.164
Conflict or Inconsistency with Other Law

Accessed:
Dec. 9, 2023

§ 1506.156’s source at texas​.gov