Receivership

Sec. 283.209. RECEIVERSHIP. (a) A receiver appointed under Section 283.208, acting in the same manner as the county, may: (1) take possession of the project; (2) maintain the project; and (3) collect and receive revenues received from the project. (b) The receiver shall dispose of and apply revenues: (1) according to the obligations of the county under the bond instrument; and (2) as directed by a court. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.