Texas § SD.7502.203 - SECURITY FOR REVENUE BONDS
Full text of Texas The Texas Constitution § SD.7502.203 — SECURITY FOR REVENUE BONDS, with citation guidance and answers to common questions.
§ SD.7502.203. SECURITY FOR REVENUE BONDS
SECURITY FOR REVENUE BONDS. (a) The principal of and interest on revenue bonds issued under this subchapter and the redemption price of the bonds must be secured by and payable solely from a pledge of all or any part of designated revenue resulting from the operations of the authority's water system. (b) The board additionally may secure revenue bonds issued under this subchapter by a deed of trust or mortgage lien on all or part of the physical facilities of the authority as provided by Section 54.504 , Water Code. (c) The holders of revenue bonds issued under this subchapter may not demand payment from money raised or to be raised from taxation. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.05, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.7502.203
What does The Texas Constitution § SD.7502.203 cover?
Section SD.7502.203 ("SECURITY FOR REVENUE 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 § SD.7502.203?
A common citation format is "The Texas Constitution § SD.7502.203" (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.7502.203 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.