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Texas Laws | Natural Resources Code
NATURAL RESOURCES CODE
TITLE 7. RESOURCES PROGRAMS

(b) The board may refund bonds in the manner provided by general law for revenue bonds. (14439)

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. (14440)

Sec. 164.016. BONDS AS INVESTMENTS AND SECURITY. (14441)(Text)

(a) The bonds are legal and authorized investments for banks, savings banks, trust companies, savings and loan companies, insurance companies, fiduciaries, trustees, guardians, the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions of the state, and other public funds of the state and its agencies. (14442)

(b) The bonds are eligible to secure deposits of public funds of the state and cities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their par value. (14443)

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. (14444)

Sec. 164.017. TAX EXEMPT. (14445)(Text)

Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this chapter, and the interest and income from the bonds, including any profit made on the sale of bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of bonds are free from taxation and assessments of every kind by this state and any city, county, district, authority, or other political subdivision of this state. (14446)

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. (14447)

Sec. 164.018. NO PLEDGE OF STATE FAITH AND CREDIT; COVENANT WITH OWNERS OF BONDS. (14448)(Text)

(a) Bonds issued under this chapter are special obligations of the board and are payable only from and secured only by the revenues and assets pledged to secure payment of the bonds under the Texas Constitution and this chapter, and the bonds are not and do not create or constitute a pledge, gift, or loan of the faith, credit, or taxing authority of the state. (14449)

(b) Each bond must include a statement that the faith or credit and the taxing authority of the state are not pledged, given, or loaned to secure payment of the principal of, or premium or interest on the bonds. (14450)

(c) The state pledges to and agrees with the owners of bonds issued under this chapter that the state will not limit or alter the rights vested in the board to fulfill the terms of agreements made with the owners of the bonds or in any way impair the rights and remedies of those owners until the bonds, together with any premium and interest, interest on any unpaid premium or installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of those owners, are fully met and discharged. The board may include this pledge and agreement of the state in an agreement with the owners of the bonds. (14451)

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. (14452)

Sec. 164.019. ENFORCEMENT BY MANDAMUS. (14453)(Text)

A writ of mandamus and all other legal and equitable remedies are available to a party in interest to require the board and any other party to carry out agreements and to perform functions and duties under this chapter, the Texas Constitution, or the board's bond resolutions or orders. (14454)

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993. (14455)

TITLE 8. ACQUISITION OF RESOURCES (14456)(Text)

CHAPTER 183. CONSERVATION EASEMENTS (14457)(Text)

SUBCHAPTER A. CONSERVATION EASEMENTS GENERALLY (14458)(Text)
Sec. 183.001. DEFINITIONS. (14459)(Text)

In this chapter: (14460)

(1) "Conservation easement" means a nonpossessory interest of a holder in real property that imposes limitations or affirmative obligations designed to: (14461)

(A) retain or protect natural, scenic, or open-space values of real property or assure its availability for agricultural, forest, recreational, or open-space use; (14462)

(B) protect natural resources; (14463)

(C) maintain or enhance air or water quality; or (14464)

(D) preserve the historical, architectural, archeological, or cultural aspects of real property. (14465)

(2) "Holder" means: (14466)

(A) a governmental body empowered to hold an interest in real property under the laws of this state or the United States; or (14467)

(B) a charitable corporation, charitable association, or charitable trust created or empowered to: (14468)

(i) retain or protect the natural, scenic, or open-space values of real property; (14469)

(ii) assure the availability of real property for agricultural, forest, recreational, or open-space use; (14470)

(iii) protect natural resources; (14471)

(iv) maintain or enhance air or water quality; or (14472)

(v) preserve the historical, architectural, archeological, or cultural aspects of real property. (14473)

(3) "Third-party right of enforcement" means a right provided in a conservation easement to enforce any of its terms granted to a governmental body, charitable corporation, charitable association, or charitable trust that is eligible to be a holder but is not a holder. (14474)

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