Tex. Transportation Code § 365.035
This is the official text of Tex. Transportation Code § 365.035, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 365.035. BONDHOLDER PROTECTION.
Official statutory text
The trust indenture or the resolution or order authorizing the issuance of bonds under this chapter may include provisions to protect and enforce the rights and remedies of bondholders, including covenants determining the district's duties in relation to:
(1) the acquisition and financing of the toll road project; and
(2) the custody, safeguarding, and application of the district's toll road revenues.
(1) the acquisition and financing of the toll road project; and
(2) the custody, safeguarding, and application of the district's toll road revenues.
Status: in_force · Read it on the official government site
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