Sabine River Authority v. All Taxpayers

AMY, Judge.

liThe Sabine River Authority (the “SRA”) seeks to commence a bond initiative to generate revenue. The SRA filed a motion for judgment seeking a judicial declaration that the bonds and the means by which they would be secured and paid were valid. No interested person challenged the bond resolution or the motion for judgment. The trial court denied the SRA’s motion, finding that although the SRA complied with the statute governing bond validation, the court had concerns about the funds to be used for the security of the bonds. The SRA filed this expedited appeal. For the following…