Tex. Spec. Dist. Local Laws Code § 9011.251 · Subchapter F. BONDS
AUTHORITY TO ISSUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue bonds to carry out any purpose of this chapter and to:
(1) provide a water system, as authorized by this chapter, for municipal, domestic, and industrial purposes;
(2) pay fees of an attorney, engineer, or fiscal agent;
(3) pay the cost of printing and issuing bonds; and
(4) exercise any other power conferred by this chapter.
(b) The bonds must be authorized by a board resolution.
(c) Bonds issued by the district must be payable by a pledge of:
(1) revenue;
(2) ad valorem taxes imposed on all taxable property in the district; or
(3) both revenue and ad valorem taxes.
(d) The pledge must be in a resolution or trust indenture adopted or authorized by the board.
(e) A bond issuance payable wholly or partly from ad valorem taxes is subject to the conditions prescribed by this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9011.htm
- Text hash
- sha256 eb8e0cb03ab8901ff050c3374d066caecd732719148d1c8ab0f53254e24d5485
- 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.