Tex. Water Code Section 20.076
Enforcement of Political Subdivision Bonds

(a)

If there is a default in the payment of principal of or interest on political subdivision bonds purchased by the authority or any other default as defined in the proceedings or indentures authorizing the issuance of the bonds, the attorney general shall institute appropriate proceedings for mandamus or other legal remedies to compel the political subdivision or its officers, agents, and employees to cure the default by performing those duties that they are legally obligated to perform.

(b)

The proceedings shall be brought and venue shall be in a district court of Travis County.

(c)

This section is cumulative of any other rights or remedies to which the board may be entitled.

Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.

Source: Section 20.076 — Enforcement of Political Subdivision Bonds, https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm#20.076 (accessed Jun. 5, 2024).

20.001
Legislative Purpose and Policy 20.002
Definitions and Construction 20.011
Creation of Authority 20.012
Board of Directors 20.013
Compensation 20.014
Organization of Board 20.015
Board Meetings 20.016
Rules and Resolutions 20.017
Liability 20.018
General Fiscal Authority 20.019
Property Tax Exempt 20.020
Fiscal Year 20.021
Authority Expenses 20.022
Suits 20.023
Seal 20.041
General Powers and Duties 20.042
Gifts, Grants, Etc 20.043
Contracts 20.044
Purchase of Insurance 20.045
Contracts with Development Board 20.071
Purchase of Political Subdivision Bonds 20.072
Acquisition of Certain Development Board Bonds 20.073
Price and Terms of Purchase 20.074
Revenue Bonds 20.075
Contract for Obtaining Compliance with Political Subdivision Bonds 20.076
Enforcement of Political Subdivision Bonds 20.101
Issuance of Bonds 20.102
Conditions for Issuance of Bonds 20.103
Periodic Determination of Interest 20.104
Persons Designated to Act as Agents of Board 20.105
Security Qualifications 20.106
Investment Securities 20.107
Form of Bonds 20.108
Funds 20.109
Resolutions, Orders, Etc 20.110
Approval of Attorney General 20.111
Bond Review Board 20.112
Refunding Bonds 20.113
Eligible Security 20.114
Legal Investments 20.115
Tax Exempt 20.116
Pledge of State Faith and Credit 20.117
Enforcement by Mandamus

Accessed:
Jun. 5, 2024

§ 20.076’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._water_code_section_20.076

Original Source: Section 20.076 — Enforcement of Political Subdivision Bonds, https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm#20.076 (last accessed Jun. 5, 2024).