Tex. Spec. Dist. Local Laws Code Section 8104.315
State Pledge Regarding Rights and Remedies of Bond or Note Holders

(a)

The state pledges to and agrees with the holders of bonds or notes issued under this chapter that the state will not limit or alter the rights vested in the authority to fulfill the terms of agreements made with the holders that are consistent with this chapter or impair the rights and remedies of the holders until the following are fully discharged:

(1)

the bonds or notes;

(2)

interest on the bonds or notes;

(3)

interest on any unpaid installments of interest; and

(4)

all costs and expenses for which the authority is liable related to an action or proceeding by or on behalf of the holders.

(b)

The authority may include the state’s pledge and agreement under Subsection (a) in an agreement with the holders of the bonds or notes.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.

Source: Section 8104.315 — State Pledge Regarding Rights and Remedies of Bond or Note Holders, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­8104.­htm#8104.­315 (accessed Jun. 5, 2024).

8104.001
Definitions 8104.002
Nature of Authority 8104.003
Finding of Benefit and Public Purpose 8104.004
State Policy Regarding Waste Disposal 8104.005
Other Districts Required to Contract with Authority 8104.006
Relationship to Gulf Coast Authority 8104.007
Relationship to Other Districts 8104.008
Rights, Powers, Privileges, and Functions of Municipal Utility Districts 8104.051
District Territory 8104.052
Annexation of Territory 8104.053
Exclusion of Territory 8104.101
Composition 8104.102
Eligibility to Serve 8104.103
Terms 8104.104
Vacancies 8104.105
Officers 8104.106
Director’s Bond 8104.107
Voting Requirement 8104.108
Signature for Board Actions 8104.151
General Manager 8104.152
Powers and Duties of General Manager 8104.153
Bond of General Manager and Certain Employees 8104.154
Contract with City of Baytown for Administrative Functions 8104.201
Water Supply and Distribution 8104.202
Facilities for Water Transportation and Distribution 8104.203
Waste Services 8104.204
Contracts 8104.205
Consent Required for Waste Treatment and Disposal Facilities 8104.206
Acquisition of Water Rights Not Prevented 8104.207
Election Not Required to Approve Contracts 8104.208
Cost of Relocating Property 8104.251
Fiscal Year 8104.252
Authority Depository 8104.253
Investment Authority 8104.254
Rents, Rates, Fees, and Charges 8104.255
Grants and Assistance 8104.256
Property Tax Prohibition 8104.301
Borrowing Through Bonds or Notes 8104.302
Refunding Bonds 8104.303
Form of Bonds 8104.304
Maturity 8104.305
Resolution and Trust Indenture Provisions 8104.306
Security for Bonds or Notes 8104.307
Trust Indenture 8104.308
Additional Security 8104.309
Review and Approval of Contracts Relating to Bonds or Notes 8104.310
Bonds and Notes Exempt from Taxation 8104.311
Bond or Note Sale Proceeds 8104.312
Investment of Funds and Use of Proceeds 8104.313
Appointment of Receiver 8104.314
Enforcement 8104.315
State Pledge Regarding Rights and Remedies of Bond or Note Holders 8104.316
Limitation on Right of Bond or Note Holders
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 8104.315’s source at texas​.gov