Tex. Spec. Dist. Local Laws Code § 6610.251 · Subchapter F. BONDS
AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may issue district bonds to acquire money to accomplish any district purpose or carry out any power granted under this chapter to the district.
(b) The board may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:
(1) provide for the payment of the interest on the bonds as the interest accrues; and
(2) create and provide for a sinking fund to pay the principal of the bonds as the principal matures.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6610.htm
- Text hash
- sha256 3cb511aa8a898b1c4fcbd4b28683b161f4227f19329254498289735d76f3081c
- 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
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 6610.251. Each shows the citation as that text prints it.
Special District Local Laws Code
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