Tex. Spec. Dist. Local Laws Code Section 8324.201
Authority to Issue Bonds and Other Obligations

The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources, to pay for any authorized district purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1058 (H.B. 4698), Sec. 1, eff. June 19, 2009.
Sec. 8324.202. TAXES FOR BONDS.At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct ad valorem tax, without limit as to rate or amount, while all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 (Tax Levy for Bonds) and 54.602 (Establishment of Tax Rate in Each Year), Water Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 1058 (H.B. 4698), Sec. 1, eff. June 19, 2009.

Source: Section 8324.201 — Authority to Issue Bonds and Other Obligations, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­8324.­htm#8324.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 8324.201’s source at texas​.gov