Tex. Spec. Dist. Local Laws Code § 7807.207 · Subchapter E. BONDS
BOND ANTICIPATION NOTES AND PRELIMINARY BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue either bond anticipation notes or preliminary bonds, which need not be designated as such, to provide a fund to pay:
(1) the cost of making surveys and investigations, attorneys' fees, and engineers' work;
(2) the cost of issuing bonds; and
(3) all other costs and expenses incident to the organization of the district and the district's operation in investigating and determining plans for the district's plant and improvements.
(b) Preliminary bonds shall be voted and authorized in the manner and under the same provisions applicable to the district's construction bonds and shall be of equal dignity with those construction bonds.
(c) The district may issue bond anticipation notes as provided by Section 49.154(c), Water Code. These notes shall be sold on the best terms and for the best price possible.
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 662972d493ff048ebc1977b01b6ccb257554e46499c2df293c3cc4e755c23dbd
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.