Tex. Spec. Dist. Local Laws Code Section 8288.208
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 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.

Source: Section 8288.208 — State Pledge Regarding Rights and Remedies of Bondholders, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8288.htm#8288.208 (accessed Jun. 5, 2024).

8288.001
Definitions 8288.002
Nature of District 8288.003
Findings of Benefit and Public Purpose 8288.004
Liberal Construction of Chapter 8288.005
District Territory 8288.051
Composition of Board 8288.052
Qualifications for Office 8288.053
Board Resolutions 8288.054
Officers and Assistants 8288.055
Officer Duties 8288.056
Meetings 8288.101
District Powers 8288.102
General Powers Regarding Water 8288.103
General Powers Regarding Waste 8288.104
General Powers Regarding Garbage Collection and Disposal 8288.105
General Contract Powers 8288.106
Authority of Public Agencies and Political Subdivisions to Contract with District 8288.107
Conveyance of Property to District 8288.108
Acquisition of Existing Facilities 8288.109
Eminent Domain 8288.110
Cost of Relocating or Altering Property 8288.151
Imposition of Maintenance Tax 8288.152
Election to Impose Tax 8288.153
Depository 8288.154
Investment of District Money 8288.155
District Facilities Exempt from Taxation and Assessment 8288.201
Authority to Issue Bonds 8288.202
Form of Bonds 8288.203
Maturity 8288.204
Bonds Secured by Revenue 8288.205
Additional Security 8288.206
Trust Indenture 8288.207
Charges for District Services 8288.208
State Pledge Regarding Rights and Remedies of Bondholders 8288.209
Use of Bond Proceeds 8288.210
Appointment of Receiver 8288.211
Refunding Bonds 8288.212
Other Remedies and Covenants 8288.213
Limitation on Rights of Bondholders 8288.214
Bonds Exempt from Taxation

Accessed:
Jun. 5, 2024

§ 8288.208’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8288.208

Original Source: Section 8288.208 — State Pledge Regarding Rights and Remedies of Bondholders, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8288.htm#8288.208 (last accessed Jun. 5, 2024).