Tex. Spec. Dist. Local Laws Code § 8125.201 · Subchapter E. BONDS
AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS; TAX.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue bonds or other obligations as provided by Chapters 49, 53, and 54, Water Code, and to finance:
(1) the construction, maintenance, or operation of projects under Section 8125.102 or 8125.104; or
(2) the district's contractual obligations under Section 8125.106.
(b) The district may not issue bonds or other obligations secured in whole or in part by ad valorem taxation to finance projects authorized by Section 8125.102 unless the issuance is approved by a vote of a two-thirds majority of the voters of the district voting at an election called for that purpose.
(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8125.102 may not exceed one-fourth of the assessed value of the real property in the district.
(d) Sections 49.181 and 49.182, Water Code, do not apply to a project undertaken by the district under Section 8125.102 or to bonds issued by the district to finance the project.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1167 (H.B. 3490), Sec. 1, eff. June 18, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8125.htm
- Text hash
- sha256 99cdb114a4ee7f70b0fc0e56bc9a6b5e585626ce84d82961d373bd8e054ce888
- 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.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 8125.102ROAD PROJECTS.Printed as Section 8125.102 | Section 8125.102 or 8125.104
- Tex. Spec. Dist. Local Laws Code § 8125.104WATER CONTROL AND STORAGE PROJECTS.Printed as Section 8125.102 or 8125.104
- Tex. Spec. Dist. Local Laws Code § 8125.106CONTRACT WITH POLITICAL SUBDIVISION FOR WATER OR SEWER SERVICES.Printed as Section 8125.106
Cited by 1 provision
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Special District Local Laws Code
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