Texas Special District Local Laws Code
Sec. § 3972.0706
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 districts 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 districts 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 districts engineer and constructed in accordance with municipal or county standards.
Added by Acts 2019, 86th Leg., R.S., Ch. 1010 (H.B. 4730), Sec. 1, eff. January 1, 2020.
Source
Last accessed
Jan. 27, 2020