Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 262.046 - Junior Lien Bonds; Parity Bonds(a) Bonds constituting a junior lien on the revenues or properties may be issued unless prohibited by the bond resolution or the trust indenture.(b) Parity bonds may be issued under conditions specified by the bond resolution or trust indenture.
Tex. Health and Safety Code § 262.046
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.