Education Code › Title 3 › Chapter 53 › Subchapter C

Texas Education Code § 53.37

Junior Lien Bonds; Parity Bonds

Higher Education Facility Authorities for Public Schools · Powers and Duties

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.

Official text of the Texas Education Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.

Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.