Trust Indenture Permitted

Sec. 283.205. TRUST INDENTURE PERMITTED. (a) A bond authorized by this chapter may be secured by a trust indenture between the county and a corporate trustee that is a trust company or bank with the powers of a trust company. (b) A trust indenture may pledge or assign revenues. (c) A trust indenture may not convey or mortgage all or part of the project. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.