Tex. Spec. Dist. Local Laws Code Section 6904.255
Bonds Secured by Revenue; Additional Bonds

(a)

Bonds issued under this subchapter may be secured by a pledge of all or part of the district’s revenue, or by all or part of the revenue of one or more contracts or other revenue or income specified by board resolution or a trust indenture securing the bonds. The pledge may reserve the right, under conditions specified by the pledge, to issue additional bonds that will be on a parity with or subordinate to the bonds then being issued.

(b)

The district may issue bonds secured by both taxes and revenue of the district described by Subsection (a).
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.

Source: Section 6904.255 — Bonds Secured by Revenue; Additional Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­6904.­htm#6904.­255 (accessed Jun. 5, 2024).

6904.001
Definitions 6904.002
Nature of District 6904.003
Findings of Benefit and Public Purpose 6904.051
District Territory 6904.052
Annexation of Territory 6904.053
Annexation of Territory Annexed to Municipality in District 6904.101
Composition of Board 6904.102
Qualifications for Office 6904.103
Directors’ Election 6904.104
Removal from Office 6904.105
Board Resolutions 6904.106
Officers and Assistants 6904.107
Officer Duties 6904.108
Meetings 6904.109
Personal Liability of Directors 6904.151
District Powers 6904.152
Permits 6904.153
General Authority of Public Agencies and Political Subdivisions to Contract with District 6904.154
Contracts to Supply Water 6904.155
Sources for Water 6904.156
Construction Contracts 6904.157
Conveyance of Land to District 6904.158
Disposal of Property 6904.159
Eminent Domain 6904.160
Cost of Relocating or Altering Property 6904.161
Rights-of-way 6904.162
Elections 6904.201
Imposition of Tax 6904.202
Depository 6904.203
Investment of District Money 6904.204
District Facilities Exempt from Taxation and Assessment 6904.251
Authority to Issue Bonds 6904.252
Form of Bonds 6904.253
Maturity 6904.254
Election for Bonds Payable from Ad Valorem Taxes 6904.255
Bonds Secured by Revenue 6904.256
Bonds Payable from Ad Valorem Taxes 6904.257
Additional Security 6904.258
Trust Indenture 6904.259
Charges for District Services 6904.260
Use of Bond Proceeds 6904.261
Appointment of Receiver 6904.262
Refunding Bonds 6904.263
Limitation on Rights of Holders 6904.264
Bonds Exempt from Taxation 6904.265
Detachment of District Territory After Issuance of Bonds
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 6904.255’s source at texas​.gov