Tex. Spec. Dist. Local Laws Code § 8511.0703 · Subchapter G. BONDS, BORROWED MONEY, AND GRANTS
POWER TO ISSUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For the purpose of carrying out any power conferred by this chapter, including preparation of the master plan and payment of engineering and related expenses, the authority may issue bonds in three general classes:
(1) bonds secured by ad valorem taxes;
(2) bonds secured by a pledge of all or part of the revenue accruing to the authority from any source other than ad valorem taxes, including the revenue received from:
(A) the sale of water or other products;
(B) the rendition of services;
(C) tolls; and
(D) charges; and
(3) bonds secured by a combination pledge of:
(A) taxes; and
(B) all or part of the revenue described by Subdivision (2).
(b) The bonds must be authorized by a board resolution.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8511.htm
- Text hash
- sha256 e65f8ef23c163f021922bd7b46ea2982cd567999af6ec7601ec463ab45e84aaa
- 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.