JUNIOR LIEN BONDS; PARITY BONDS.

Tex. EDUC Code § 53B.37.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Bonds constituting a junior lien on the net revenue or properties may be issued unless prohibited by the bond resolution or trust indenture. Parity bonds may be issued under conditions specified in the bond resolution or trust indenture. Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701 ), Sec. 2, eff. September 1, 2005.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements