Tex. Transp. Code § 365.035

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 365.035 - Bondholder Protection

The trust indenture or the resolution or order authorizing the issuance of bonds under this chapter may include provisions to protect and enforce the rights and remedies of bondholders, including covenants determining the district's duties in relation to:

(1) the acquisition and financing of the toll road project; and

(2) the custody, safeguarding, and application of the district's toll road revenues.

Tex. Transp. Code § 365.035

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.