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Tex. Health and Safety Code § 264.046

JUNIOR LIEN BONDS; PARITY BONDS

Texas · Texas Health and Safety Code · Status: effective

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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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(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.