Tex. Spec. Dist. Local Laws Code Section 9026.201
Issuance of Bonds

(a)

The district may issue tax bonds, revenue bonds, or tax and revenue bonds to provide money for any purpose of this chapter, including the acquisition of land.

(b)

The district must issue bonds in the manner provided by Chapters 49 (Provisions Applicable to All Districts) and 51 (Water Control and Improvement Districts), Water Code, except that the district may issue bonds payable solely from net revenue by resolution or order of the board without an election.

(c)

Bonds issued under this subchapter may be payable from all or any designated part of the revenue of district property and facilities or under a specific contract, as provided in the order or resolution authorizing the issuance of the bonds.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.

Source: Section 9026.201 — Issuance of Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9026.­htm#9026.­201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 9026.201’s source at texas​.gov