Transportation Code › Title 6 › Chapter 441 › Subchapter I

Texas Transportation Code § 441.177

Bondholder Mandamus

Road Utility Districts · Bonds

A holder of a district bond is entitled, in addition to any other right or remedy provided by state law, to a writ of mandamus requiring the district and its officials to perform any obligation that:

(1) is provided by the order or resolution authorizing issuance of the bond; and

(2) the district fails to perform, including:

(A) defaulting in the payment of principal, interest, or redemption price on the bond when due; and

(B) failing to make payment into any fund created in the order or resolution.

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

Official source
Legislative history

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