Protection of Bondholders

Tex. Utilities Code § 40.103, under Competition For Municipally Owned Utilities and River Authorities.

Tex. Utilities Code § 40.103

Sec. 40.103. PROTECTION OF BONDHOLDERS. Nothing in this subtitle or any rule adopted under this subtitle shall impair contracts, covenants, or obligations between this state, river authorities, municipalities, and the bondholders of revenue bonds issued by the river authorities or municipalities. Added by Acts 1999, 76th Leg., ch. 405, Sec. 39, eff. Sept. 1, 1999.