Tex. Spec. Dist. Local Laws Code § 6613.152 · Subchapter D. FINANCIAL PROVISIONS
DISTRICT FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The interest and sinking fund consists of taxes collected for the fund. Money in the interest and sinking fund may be paid out only to:
(1) pay district bonds and satisfy and discharge interest on the bonds; and
(2) defray the expense of imposing a tax for the fund.
(b) The maintenance and improvement fund consists of money collected by assessment or other sources for:
(1) the maintenance of property owned or acquired by the district;
(2) necessary improvements to be made by the district; and
(3) the general purposes of the district.
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.6613.htm
- Text hash
- sha256 3290c64873324221ed228ef7da4a4ffca573f85a1ff9de43b9188f69874a754c
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.