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Texas Health and Safety Code

§ 262.046 — JUNIOR LIEN BONDS; PARITY BONDS

HS § 262.046Title 4. HEALTH FACILITIES · Part C. LOCAL HOSPITALS · Ch. 262. MUNICIPAL HOSPITAL AUTHORITIES · Art. D. BONDS

Statute text

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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.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Texas Health and Safety Code § 262.046 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.