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Texas Special District Local Laws Code - SDLL § 8501.261. Holder of Obligation May Compel Performance

Current as of April 14, 2021 | Updated by FindLaw Staff

(a) A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the performance by the board of all duties required of the board by this chapter, including:

(1) setting and collecting reasonable and sufficient fees for the use of the improvements and facilities of the authority;

(2) segregating the income and revenue of the improvements and facilities;  and

(3) applying the income and revenue under this chapter.

(b) The holder of the obligations or coupons may act under Subsection (a):

(1) at law or in equity;  and

(2) by a suit, action, mandamus, or other proceeding.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8501.261. Holder of Obligation May Compel Performance - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8501-261/

Read this complete Texas Special District Local Laws Code - SDLL § 8501.261. Holder of Obligation May Compel Performance on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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