Tex. Spec. Dist. Local Laws Code § 7807.206 · Subchapter E. BONDS

TAXES FOR BONDS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The board of directors may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:

(1) provide for the payment of interest on bonds issued under this subchapter as the interest accrues; and

(2) create and provide a sinking fund for the payment of principal of the bonds as the principal matures.

Notes and commentary — not statutory text

History

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7807.htm
Text hash: sha256 3e5fb68a6e9d2ec954c29ed85dd75e2d562b855cb95a8ea8c0390346d814be5c
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.