Tex. Spec. Dist. Local Laws Code Section 9019.201
Authority to Issue Bonds

To carry out a power the district is authorized to perform, the district may issue bonds payable from and secured by:

(1)

ad valorem taxes;

(2)

all or part of the net revenue of the income-producing properties of the district, as specified by the board, after deducting reasonable expenses for maintenance, operation, and administration; or

(3)

ad valorem taxes and the net revenue described by Subdivision (2).
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.

Source: Section 9019.201 — Authority to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9019.­htm#9019.­201 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 9019.201’s source at texas​.gov