Texas § LG.281.073 - BOND PROVISIONS
Full text of Texas The Texas Constitution § LG.281.073 — BOND PROVISIONS, with citation guidance and answers to common questions.
§ LG.281.073. BOND PROVISIONS
BOND PROVISIONS. (a) In a resolution authorizing the issuance of bonds under this chapter, including refunding bonds, the board may: (1) provide for the flow of funds and the establishment and maintenance of interest and sinking funds, reserve funds, and other funds; (2) make additional covenants that the board considers appropriate with respect to the bonds, the pledged revenues, and the operation and maintenance of the facilities of which the revenues are pledged, including provisions for the operation or leasing of the facilities and the use or pledge of money derived from the operation of the facilities, contracts, and leases; (3) prohibit the further issuance of bonds or other obligations payable from the pledged revenues; (4) reserve the right to issue, on conditions set forth in the resolution, additional bonds to be secured by a pledge of, and payable from, the revenues on a parity with, or subordinate to, the lien and pledge in support of the bonds being issued; and (5) state other provisions and covenants that are not prohibited by the constitution of this state or by this chapter. (b) The board may adopt and provide for any other proceeding or instrument necessary or convenient in the issuance of authority bonds. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Frequently Asked Questions About Texas § LG.281.073
What does The Texas Constitution § LG.281.073 cover?
Section LG.281.073 ("BOND PROVISIONS") 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 § LG.281.073?
A common citation format is "The Texas Constitution § LG.281.073" (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 § LG.281.073 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.