Tex. Spec. Dist. Local Laws Code Section 8299.201
Authority to Issue Bonds and Other Obligations

(a)

The district may issue bonds or other obligations as provided by Chapters 49 (Provisions Applicable to All Districts) and 54 (Municipal Utility Districts), Water Code, to finance the construction, maintenance, or operation of projects under Sections 8299.101 (Municipal Utility District Powers and Duties) and 8299.102 (Road Projects).

(b)

The district may not issue bonds to finance projects authorized by Section 8299.102 (Road Projects) unless the issuance is approved by a vote of a two-thirds majority of the voters of the district voting at an election called for that purpose.

(c)

Bonds or other obligations issued or incurred to finance projects authorized by Section 8299.102 (Road Projects) may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 1314 (S.B. 1069), Sec. 1, eff. September 1, 2007.
Renumbered from Special District Local Laws Code, Section 8208.201 (Authority to Issue Bonds and Other Obligations) and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.002(20).

Source: Section 8299.201 — Authority to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­8299.­htm#8299.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 8299.201’s source at texas​.gov