Sec. 283.209.  RECEIVERSHIP.  (a)  A receiver appointed under Section 283.208, acting in the same manner as the county, may:
(1)  take possession of the project;
(2)  maintain the project;  and
(3)  collect and receive revenues received from the project.
(b)  The receiver shall dispose of and apply revenues:
(1)  according to the obligations of the county under the bond instrument;  and
(2)  as directed by a court.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.