Texas § SD.8510.0509 - ADDITIONAL SECURITY
Full text of Texas The Texas Constitution § SD.8510.0509 — ADDITIONAL SECURITY, with citation guidance and answers to common questions.
§ SD.8510.0509. ADDITIONAL SECURITY
ADDITIONAL SECURITY. (a) Authority bonds, including refunding bonds, may be additionally secured by a deed of trust lien on the authority's physical property and all franchises, easements, water rights and appropriation permits, leases, and contracts, and all rights related to the property, vesting in the trustee power to: (1) sell the property for payment of the debt; (2) operate the property; and (3) take other action to further secure the bonds. (b) The deed of trust may: (1) contain any provision the board prescribes to secure the bonds and preserve the trust estate; (2) provide for amendment or modification of the deed of trust; and (3) provide for the issuance of bonds to replace lost or mutilated bonds. (c) A purchaser under a sale under the deed of trust is the owner of the dam and other property and facilities purchased and is entitled to maintain and operate the property and facilities, if the authority forfeits or defaults. Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530 ), Sec. 1.03, eff. April 1, 2023.
Frequently Asked Questions About Texas § SD.8510.0509
What does The Texas Constitution § SD.8510.0509 cover?
Section SD.8510.0509 ("ADDITIONAL SECURITY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.8510.0509?
A common citation format is "The Texas Constitution § SD.8510.0509" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.8510.0509 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.