Tex. Water Code Section 65.503
Manner of Repayment of Bonds or Notes


The board may provide for the payment of principal of and interest and redemption price, if any, on the bonds or notes by pledging all or any part of the designated revenues to result from the ownership or operation of the district’s works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines.
Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff. Aug. 29, 1983. Amended by Acts 1985, 69th Leg., ch. 447, Sec. 1, eff. Nov. 15, 1985.

Source: Section 65.503 — Manner of Repayment of Bonds or Notes, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­65.­htm#65.­503 (accessed Apr. 13, 2024).

Accessed:
Apr. 13, 2024

§ 65.503’s source at texas​.gov