Texas § SD.9026.202 - ADDITIONAL SECURITY
Full text of Texas The Texas Constitution § SD.9026.202 — ADDITIONAL SECURITY, with citation guidance and answers to common questions.
§ SD.9026.202. ADDITIONAL SECURITY
ADDITIONAL SECURITY. (a) Within the discretion of the board, bonds issued under this subchapter may be additionally secured by a deed of trust or mortgage lien on physical property of the district and franchises, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to that property, vesting in the trustee: (1) the power to sell the property for payment of the debt; (2) the power to operate the property; and (3) all other powers to further secure the bonds. (b) A purchaser under a sale under the deed of trust or mortgage lien, if one is given: (1) is the absolute owner of the property, facilities, and rights purchased; and (2) may maintain and operate the property and facilities. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026 ), Sec. 1.06, eff. April 1, 2015.
Frequently Asked Questions About Texas § SD.9026.202
What does The Texas Constitution § SD.9026.202 cover?
Section SD.9026.202 ("ADDITIONAL SECURITY") 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.9026.202?
A common citation format is "The Texas Constitution § SD.9026.202" (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.9026.202 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.