Section 8504.302 - Covenants for Marketability(a) As considered necessary to ensure the marketability of obligations issued under this chapter, a resolution or order authorizing issuance may contain covenants with the holders of the obligations as to:(1) the management and operation of the authority's improvements and facilities;(2) the collection of fees and charges for the use of the improvements and facilities;(3) the disposition of the fees and charges;(4) the issuance of future obligations and the creation of future liens, mortgages, and encumbrances against the improvements and facilities and the revenue of the improvements and facilities; and(5) other pertinent matters.(b) A covenant under this section may not be inconsistent with this chapter.Tex. Spec. Dist. Loc. Laws § 8504.302
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.04, eff. 4/1/2015.