Tex. Spec. Dist. Local Laws Code § 3962.0505 · Subchapter E. TAXES AND BONDS
BONDS SECURED BY AD VALOREM TAXES; ELECTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If authorized at an election under Section 3962.0501, the district may issue bonds payable from ad valorem taxes.
(b) Section 375.243, Local Government Code, does not apply to the district.
(c) At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct annual ad valorem tax, without limit as to rate or amount, for each year that all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 and 54.602, Water Code.
(d) All or any part of any facilities or improvements that may be acquired by a district by the issuance of its bonds may be submitted as a single proposition or as several propositions to be voted on at the election.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 407 (S.B. 2502), Sec. 1, eff. June 4, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3962.htm
- Text hash
- sha256 7feec59dc36e8ffbb0e2b5db9dbf1250bd702667f7397b360940207ab60be83b
- 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
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Local Government Code
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