Limitation On Right of Bond Or Note Holders

Tex. Special District Local Laws Code § 8104.316, under Baytown Area Water Authority.

Tex. Special District Local Laws Code § 8104.316

Sec. 8104.316. LIMITATION ON RIGHT OF BOND OR NOTE HOLDERS. The purchasers and holders of any bonds or notes may not demand payment from revenues, receipts, or assets of the authority except those pledged to the payment of the bonds or notes. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.