Texas § SD.8501.260 - COVENANTS FOR MARKETABILITY
Full text of Texas The Texas Constitution § SD.8501.260 — COVENANTS FOR MARKETABILITY, with citation guidance and answers to common questions.
§ SD.8501.260. COVENANTS FOR MARKETABILITY
COVENANTS FOR MARKETABILITY. (a) A resolution or order authorizing the issuance of obligations under this chapter may contain covenants with the holders of the obligations on the following subjects as considered necessary to ensure the marketability of the obligations: (1) management and operation of the improvements and facilities of the authority; (2) collection of fees for the use of the improvements and facilities; (3) disposition of the fees; (4) issuance of future obligations and creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and (5) other pertinent matters. (b) The covenants may not be inconsistent with this chapter. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Frequently Asked Questions About Texas § SD.8501.260
What does The Texas Constitution § SD.8501.260 cover?
Section SD.8501.260 ("COVENANTS FOR MARKETABILITY") 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.8501.260?
A common citation format is "The Texas Constitution § SD.8501.260" (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.8501.260 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.