Tex. Spec. Dists. Code § 9019.201

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 9019.201 - Authority to Issue Bonds

To carry out a power the district is authorized to perform, the district may issue bonds payable from and secured by:

(1) ad valorem taxes;

(2) all or part of the net revenue of the income-producing properties of the district, as specified by the board, after deducting reasonable expenses for maintenance, operation, and administration; or

(3) ad valorem taxes and the net revenue described by Subdivision (2).

Tex. Spec. Dist. Loc. Laws § 9019.201

Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.06, eff. 4/1/2015.