Texas Education Code

§ 53B.37 — JUNIOR LIEN BONDS; PARITY BONDS

ED § 53B.37Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 53B. HIGHER EDUCATION LOAN AUTHORITIES · Art. C. POWERS AND DUTIES

Statute text

View on source

Bonds constituting a junior lien on the net revenue or properties may be issued unless prohibited by the bond resolution or trust indenture. Parity bonds may be issued under conditions specified in the bond resolution or trust indenture.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.