Texas § TN.284.046 - BONDHOLDER RIGHTS
Full text of Texas The Texas Constitution § TN.284.046 — BONDHOLDER RIGHTS, with citation guidance and answers to common questions.
§ TN.284.046. BONDHOLDER RIGHTS
BONDHOLDER RIGHTS. (a) In addition to all other rights by mandamus or other court proceeding, a holder or trustee of a bond issued under this chapter may enforce the holder's rights against the county, the county's employees, an operating board, or an agent or employee of the operating board and is entitled to: (1) require the county and the board to impose and collect tolls and charges sufficient to carry out any agreement contained in the bond instrument; and (2) apply for and obtain the appointment of a receiver for the project. (b) A bond instrument may contain provisions for the protection and enforcement of a bondholder's rights and remedies, including covenants: (1) establishing the county's duties relating to: (A) the acquisition of property; (B) the construction, maintenance, operation, and repair of, and insurance for, a project; and (C) custody, safeguarding, and application of money; (2) prescribing events that constitute default; (3) prescribing terms on which any or all of the bonds become or may be declared due before maturity; and (4) relating to the rights, powers, liabilities, or duties that arise on the breach of a county's duty. (c) A bond instrument may contain provisions restricting the individual rights of action of the bondholder. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. SUBCHAPTER C. CONSTRUCTION AND OPERATION
Frequently Asked Questions About Texas § TN.284.046
What does The Texas Constitution § TN.284.046 cover?
Section TN.284.046 ("BONDHOLDER RIGHTS") 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 § TN.284.046?
A common citation format is "The Texas Constitution § TN.284.046" (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 § TN.284.046 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.