Texas § HS.772.525 - ADDITIONAL SECURITY FOR BONDS
Full text of Texas The Texas Constitution § HS.772.525 — ADDITIONAL SECURITY FOR BONDS, with citation guidance and answers to common questions.
§ HS.772.525. ADDITIONAL SECURITY FOR BONDS
ADDITIONAL SECURITY FOR BONDS. (a) District bonds may be additionally secured by a deed of trust or mortgage lien on all or part of the district's physical properties and rights appurtenant to the properties, vesting in the trustee power to sell the properties for payment of the indebtedness, power to operate the properties, and any other power necessary for the further security of the bonds. (b) The bond trust indenture, regardless of the existence of a deed of trust or mortgage lien on the properties, may: (1) contain provisions prescribed by the board for the security of the bonds and the preservation of the trust estate; and (2) make provisions for: (A) amendment or modification; and (B) investment of district funds. (c) A purchaser under a sale under the deed of trust or mortgage lien is the absolute owner of the properties and rights purchased and may maintain and operate the properties. Added by Acts 2013, 83rd Leg., R.S., Ch. 552 (S.B. 628 ), Sec. 1, eff. September 1, 2013.
Frequently Asked Questions About Texas § HS.772.525
What does The Texas Constitution § HS.772.525 cover?
Section HS.772.525 ("ADDITIONAL SECURITY FOR BONDS") 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 § HS.772.525?
A common citation format is "The Texas Constitution § HS.772.525" (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 § HS.772.525 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.