Tex. Spec. Dist. Local Laws Code Section 3798.906
Requirements for Collection of Revenue to Pay Bonds

The district may not collect an assessment to be used for the payment of bonds until:

(1)

the completion of at least 95 percent of the underground water, wastewater, and drainage facilities financed from bond proceeds that are necessary to serve the projected build-out, as certified by the district’s engineer;

(2)

the district or other appropriate party has secured the groundwater, surface water, and water discharge permits that are necessary to secure capacity to support the projected build-out;

(3)

the completion of at least 95 percent of lift station, water plant, and sewage treatment plant capacity sufficient to serve the connections constructed in the project for a period of not less than 18 months, as certified by the district’s engineer; and

(4)

the completion of at least 95 percent of the streets and roads that are necessary to provide access to the areas served by utilities and financed by the proceeds of bonds issued by the district, as certified by the district’s engineer and constructed in accordance with municipal or county standards.
Added by Acts 2017, 85th Leg., R.S., Ch. 618 (H.B. 4268), Sec. 1, eff. September 1, 2017.

Source: Section 3798.906 — Requirements for Collection of Revenue to Pay Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­3798.­htm#3798.­906 (accessed Jun. 5, 2024).

3798.001
Definitions 3798.002
Creation and Nature of District 3798.003
Purpose 3798.004
Findings of Benefit and Public Purpose 3798.005
District Territory 3798.006
Applicability of Municipal Management Districts Law 3798.007
Construction of Chapter 3798.008
Conflicts of Law 3798.009
Consent of Municipality Required 3798.010
Effect of Annexation 3798.051
Governing Body 3798.052
Appointment and Removal of Director Appointed by City 3798.053
Appointment by Commission 3798.054
Vacancy 3798.055
Director’s Oath or Affirmation 3798.056
Officers 3798.057
Compensation 3798.058
Liability Insurance 3798.059
No Executive Committee 3798.060
Board Meetings 3798.101
General Powers and Duties 3798.102
Improvement Projects and Services 3798.103
Location of Improvement Project 3798.104
Ownership of Improvement Projects 3798.105
Retail Water and Sewer Services Prohibited 3798.106
Adding or Removing Territory 3798.107
No Eminent Domain 3798.151
Division of District 3798.152
Law Applicable to New District 3798.153
Division Procedures 3798.154
Contract Authority of New Districts 3798.201
Disbursements and Transfers of Money 3798.202
Money Used for Improvements or Services 3798.203
Method of Notice for Hearing 3798.204
Assessments 3798.205
Notice of Assessments 3798.251
Bonds and Other Obligations 3798.301
Dissolution by City Ordinance 3798.302
Collection of Assessments and Other Revenue 3798.303
Assumption of Assets and Liabilities 3798.901
Applicability 3798.902
Conflict of Laws 3798.903
Written Agreement Regarding Special Appraisals 3798.904
Requirements for Advertising Bond Issue 3798.905
Requirements for Bond Issue 3798.906
Requirements for Collection of Revenue to Pay Bonds
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Accessed:
Jun. 5, 2024

§ 3798.906’s source at texas​.gov