Holder of Obligation May Compel Performance

Sec. 8504.303. HOLDER OF OBLIGATION MAY COMPEL PERFORMANCE. (a) A holder of obligations issued under this chapter or of coupons originally attached to the obligations may enforce and compel the board's performance of all duties required by this chapter, including: (1) setting and collecting reasonable and sufficient fees or charges for the use of the authority's improvements and facilities; (2) segregating the income and revenue of the improvements and facilities; and (3) applying the income and revenue under this chapter. (b) The holder of the obligations or coupons may act under Subsection (a): (1) at law or in equity; and (2) by an action, mandamus, or other proceeding. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.