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Texas Special District Local Laws Code - SDLL § 8504.303. Holder of Obligation May Compel Performance

Current as of January 01, 2024 | 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 board's performance of all duties required by this chapter, including:

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

(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 an action, mandamus, or other proceeding. (Acts 43rd Leg., 1st C. S., Ch. 63, Sec. 22 (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8504.303. Holder of Obligation May Compel Performance - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8504-303/

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