Texas § SD.21.406 - BOND PROVISIONS
Full text of Texas The Texas Constitution § SD.21.406 — BOND PROVISIONS, with citation guidance and answers to common questions.
§ SD.21.406. BOND PROVISIONS
BOND PROVISIONS. (a) In an order or resolution authorizing the issuance of bonds, including refunding bonds, the board may: (1) provide for the flow of money; (2) provide for the establishment and maintenance of an interest and sinking fund, a reserve fund, and other funds; and (3) prohibit the further issuance of bonds or other obligations payable from the pledged fees or reserve the right to issue additional bonds to be secured by a pledge of and payable from the pledged fees on a parity with or subordinate to the pledge in support of the bonds being issued; and (4) provide for other provisions as the board determines. (b) The board may adopt and have executed any other proceeding or instrument necessary and convenient in the issuance of bonds. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.01, eff. April 1, 2009.
Frequently Asked Questions About Texas § SD.21.406
What does The Texas Constitution § SD.21.406 cover?
Section SD.21.406 ("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 § SD.21.406?
A common citation format is "The Texas Constitution § SD.21.406" (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.21.406 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.