Tex. Spec. Dist. Local Laws Code Section 9026.203
Trust Indenture

A trust indenture created under Section 9026.202 (Additional Security), regardless of the existence of a deed of trust or mortgage lien on the property, may:

(1)

contain provisions prescribed by the board for the security of the bonds and the preservation of the trust estate;

(2)

provide for amendment or modification of the trust indenture;

(3)

provide for the issuance of bonds to replace lost or mutilated bonds;

(4)

condition the right to spend district money or sell district property on the approval of a licensed engineer selected as provided by the trust indenture; and

(5)

provide for the investment of district money.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.

Source: Section 9026.203 — Trust Indenture, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9026.­htm#9026.­203 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 9026.203’s source at texas​.gov