Texas Special District Local Laws Code - SDLL § 21.406. Bond Provisions

(1) provide for the flow of money;

(2) provide for the establishment and maintenance of an interest and sinking fund, a reserve fund, and other funds; and

(3) prohibit the further issuance of bonds or other obligations payable from the pledged fees or reserve the right to issue additional bonds to be secured by a pledge of and payable from the pledged fees on a parity with or subordinate to the pledge in support of the bonds being issued; and

(4) provide for other provisions as the board determines.