Texas Health and Safety Code 265.044 – Parity and Subordinate Lien Bonds
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Terms Used In Texas Health and Safety Code 265.044
- Lien: A claim against real or personal property in satisfaction of a debt.
The directors may provide in the authorization of the revenue bonds for the subsequent issuance of additional parity bonds or subordinate lien bonds under terms set by the board in the proceedings authorizing the issuance of the revenue bonds.