Tex. Gov't Code § 1477.063 · Subchapter B. BONDS FOR WATER SUPPLY FOR COUNTY PURPOSES
ADDITIONAL BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless otherwise provided in the bond order, if the proceeds of bonds issued to pay for a project are not sufficient to pay the cost of the project, the county may issue additional bonds under this subchapter not to exceed the amount of the deficit.
(b) If permitted by the order originally authorizing bonds to pay for a project, the county may issue additional bonds for improving, repairing, or extending the project.
(c) Bonds issued under Subsection (b):
(1) may be payable:
(A) solely from a pledge of the net revenue of the project; or
(B) from the net revenue of the project and the imposition of an ad valorem tax; and
(2) must be approved at an election in the same manner as bonds originally issued to pay the costs of the project.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1477.htm
- Text hash
- sha256 d6bb34d16c9d534b99f774598835c1a63e8cc3a083c5fb088cdee9f724758515
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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