Tex. Spec. Dist. Local Laws Code Section 6613.152
District Funds

(a)

The interest and sinking fund consists of taxes collected for the fund. Money in the interest and sinking fund may be paid out only to:

(1)

pay district bonds and satisfy and discharge interest on the bonds; and

(2)

defray the expense of imposing a tax for the fund.

(b)

The maintenance and improvement fund consists of money collected by assessment or other sources for:

(1)

the maintenance of property owned or acquired by the district;

(2)

necessary improvements to be made by the district; and

(3)

the general purposes of the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.

Source: Section 6613.152 — District Funds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­6613.­htm#6613.­152 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 6613.152’s source at texas​.gov