Texas Health and Safety Code 264.046 – Junior Lien Bonds; Parity Bonds
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(a) Bonds constituting a junior lien on the revenues or properties may be issued unless prohibited by the bond resolution or the trust indenture.
(b) Parity bonds may be issued under conditions specified by the bond resolution or trust indenture.
Terms Used In Texas Health and Safety Code 264.046
- Lien: A claim against real or personal property in satisfaction of a debt.