Tex. Spec. Dist. Local Laws Code Section 6913.254
Bonds Payable from Revenue

(a)

In this section, “net revenue” means the district’s gross revenue, other than taxation, minus the amount necessary to pay the cost of maintaining and operating the district and its property.

(b)

District bonds may be secured as described by a board resolution by a pledge of:

(1)

all or part of the district’s net revenue;

(2)

the net revenue of a contract made at any time; or

(3)

other revenue specified by board resolution.

(c)

The pledge may reserve the right to issue additional bonds on a parity with or subordinate to the bonds being issued, subject to conditions specified by the pledge.

(d)

District bonds not payable wholly or partly from ad valorem taxes may be issued without an election.
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.02, eff. April 1, 2019.

Source: Section 6913.254 — Bonds Payable from Revenue, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­6913.­htm#6913.­254 (accessed Jun. 5, 2024).

6913.001
Definitions 6913.002
Nature of District 6913.003
Findings of Benefit and Public Purpose 6913.051
District Territory 6913.052
Annexation of Territory in Haskell County 6913.053
Petition for Annexation 6913.054
Commissioners Court Resolution 6913.055
Notice of Annexation Hearing 6913.056
Annexation Hearing 6913.057
Annexation Findings and Resolution 6913.058
Notice of Annexation Election 6913.059
Annexation Election Results 6913.060
Assumption of Debt 6913.061
Restriction on Annexation of Railroad Right-of-way or Utility Property 6913.101
Directors 6913.102
Qualifications for Office 6913.103
Notice of Directors’ Election 6913.104
Officers 6913.105
Vote by Board President 6913.106
Absence or Inaction of Board President 6913.107
Director and Treasurer Bonds 6913.108
Compensation of Directors 6913.151
Acquisition of Water or Water Rights 6913.152
Construction or Acquisition of Property 6913.153
Eminent Domain 6913.154
Cost of Relocating or Altering Property 6913.155
Construction and Purchasing Contracts 6913.156
Contracts Related to Water Supply and Facilities 6913.201
Depository 6913.202
Projects Exempt from Assessment or Taxation 6913.203
Tax Assessor and Collector 6913.251
Authority to Issue Bonds 6913.252
Form of Bonds 6913.253
Maturity 6913.254
Bonds Payable from Revenue 6913.255
Bonds Payable from Ad Valorem Taxes 6913.256
Election for Bonds Payable from Ad Valorem Taxes 6913.257
Tax and Compensation Rates 6913.258
Additional Security 6913.259
Use of Bond Proceeds 6913.260
Appointment of Receiver 6913.261
Refunding Bonds 6913.262
Bonds Exempt from Taxation
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 6913.254’s source at texas​.gov