Tex. Health and Safety Code § 264.046
JUNIOR LIEN BONDS; PARITY BONDS
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 264.046, JUNIOR LIEN BONDS; PARITY BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/670232
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Full text
(a) Bonds constituting a junior lien on the revenues or properties may be issued unless prohibited by the bond resolution or the trust indenture.
(b) Parity bonds may be issued under conditions specified by the bond resolution or trust indenture.