ADDITIONAL SECURITY — Texas Code § SD.8288.205
Texas Code § SD.8288.205 — ADDITIONAL SECURITY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ SD.8288.205. ADDITIONAL SECURITY
ADDITIONAL SECURITY. (a) District bonds may be additionally secured, at the discretion of the board, by a deed of trust or mortgage lien on all or part of the district's physical property, facilities, easements, water rights and appropriation permits, leases, contracts, and all rights appurtenant to the property, vesting in the trustee power to: (1) sell the property for the payment of the debt; (2) operate the property; and (3) take other action to further secure the bonds. (b) A purchaser under a sale under the deed of trust lien, if one is given: (1) is the absolute owner of the property, facilities, and rights purchased; and (2) is entitled to maintain and operate the property, facilities, and rights. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619 ), Sec. 1.04, eff. April 1, 2011.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § SD.8288.205
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: ADDITIONAL SECURITY
- Text: transcribed from the official source (verify below)
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Common questions
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The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § SD.8288.205 address?
It addresses "ADDITIONAL SECURITY". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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