Texas Water Code 55.533 – Preferred Lien in Favor of the United States
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Terms Used In Texas Water Code 55.533
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
A lien for the payments due the United States under a contract between the district and the United States under which bonds have not been deposited with the United States shall be a preferred lien to that of any issue of bonds or any series of any issue of bonds subsequent to the date of the contract.