Tex. Spec. Dist. Local Laws Code Section 9051.257
Bonds Secured by Revenue; Additional Bonds

District bonds may be secured by a pledge of all or part of the net revenue of the district, or by the net revenue of one or more contracts made before or after the issuance of the bonds, or other revenue in the manner specified by board resolution. The pledge may reserve the right, under conditions specified by the pledge, to issue additional bonds that will be on a parity with or subordinate to the bonds then being issued.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Source: Section 9051.257 — Bonds Secured by Revenue; Additional Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9051.htm#9051.257 (accessed May 4, 2024).

9051.001
Definitions 9051.002
Nature of District 9051.003
Legislative Finding 9051.004
Liberal Construction of Chapter 9051.005
Correction of Invalid Procedures 9051.051
District Territory 9051.052
Annexation of District Territory by Municipality 9051.101
Composition of Board 9051.102
Qualifications for Office 9051.103
Director’s Bond 9051.104
Quorum 9051.105
Officers 9051.106
Employees 9051.107
Expenditures 9051.108
Compensation of Directors 9051.109
Budget 9051.151
General Powers 9051.152
District Property 9051.153
Cost of Relocating or Altering Property 9051.154
Powers Relating to Waterworks or Sanitary Sewer System 9051.155
Charges, Fees, and Tolls 9051.156
Surveys and Investigations 9051.157
Limitation on District Powers Relating to Groundwater 9051.201
Tax Method 9051.202
Authority to Impose Tax 9051.203
Tax Assessor and Collector 9051.204
Tax Rate 9051.251
Definition 9051.252
Issuance of Bonds 9051.253
Form of Bonds 9051.254
Election for Bonds Payable from Ad Valorem Taxes 9051.255
Bonds Payable from Ad Valorem Taxes 9051.256
Election Not Required for Certain Bonds 9051.257
Bonds Secured by Revenue 9051.258
Charges for District Services 9051.259
Refunding Bonds 9051.260
Bonds Exempt from Taxation

Accessed:
May 4, 2024

§ 9051.257’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_9051.257

Original Source: Section 9051.257 — Bonds Secured by Revenue; Additional Bonds, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9051.htm#9051.257 (last accessed May 4, 2024).