Tex. Spec. Dist. Local Laws Code Section 11007.208
State Pledge Regarding Rights and Remedies of Bondholders

Without depriving this state of its power to regulate and control the rates, fees, and charges assessed for water sold and waste collection and treatment services provided by the district, the state pledges to and agrees with the holders of district bonds that the state will not exercise its power to regulate and control the rates, fees, and charges in any way that would impair the rights or remedies of the holders of the bonds.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.

Source: Section 11007.208 — State Pledge Regarding Rights and Remedies of Bondholders, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.11007.htm#11007.208 (accessed Jun. 5, 2024).

11007.001
Definitions 11007.002
Nature of District 11007.003
Findings of Benefit and Public Purpose 11007.004
Liberal Construction of Chapter 11007.005
District Territory 11007.051
Composition of Board 11007.052
Qualifications for Office 11007.053
Board Resolutions 11007.054
Officers and Assistants 11007.055
Officer Duties 11007.056
Meetings 11007.101
District Powers 11007.102
General Powers Regarding Water 11007.103
General Powers Regarding Waste 11007.104
General Powers Regarding Garbage Collection and Disposal 11007.105
General Contract Powers 11007.106
Authority of Public Agencies and Political Subdivisions to Contract with District 11007.107
Conveyance of Property to District 11007.108
Acquisition of Existing Facilities 11007.109
Eminent Domain 11007.110
Cost of Relocating or Altering Property 11007.151
Imposition of Maintenance Tax 11007.152
Election to Impose Tax 11007.153
Depository 11007.154
Investment of District Money 11007.155
District Facilities Exempt from Taxation and Assessment 11007.201
Authority to Issue Bonds 11007.202
Form of Bonds 11007.203
Maturity 11007.204
Bonds Secured by Revenue 11007.205
Additional Security 11007.206
Trust Indenture 11007.207
Charges for District Services 11007.208
State Pledge Regarding Rights and Remedies of Bondholders 11007.209
Use of Bond Proceeds 11007.210
Appointment of Receiver 11007.211
Refunding Bonds 11007.212
Other Remedies and Covenants 11007.213
Limitation on Rights of Bondholders 11007.214
Bonds Exempt from Taxation

Accessed:
Jun. 5, 2024

§ 11007.208’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_11007.208

Original Source: Section 11007.208 — State Pledge Regarding Rights and Remedies of Bondholders, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.11007.htm#11007.208 (last accessed Jun. 5, 2024).