Tex. Spec. Dist. Local Laws Code § 9030.201 · Subchapter E. BONDS
AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may issue bonds or other obligations as provided by Chapters 49, 51, and 54, Water Code, to finance:
(1) the construction, maintenance, or operation of projects under Sections 9030.101 and 9030.102; or
(2) the district's contractual obligations under Section 9030.103.
(b) The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, grants, or other district money.
(c) The district may not issue bonds or other obligations secured wholly or partly by ad valorem taxation to finance projects authorized by Section 9030.102 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.
(d) Bonds or other obligations issued or incurred to finance projects authorized by Section 9030.101 or 9030.102 or contractual obligations under Section 9030.103 may not exceed one-fourth of the assessed value of the real property in the district.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 945 (H.B. 3990), Sec. 1, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9030.htm
- Text hash
- sha256 37d5a1ce00ec9edd3ef7ec781302408d251da97b86522ab2ab7db011e5dc3e2b
- 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 § 9030.101WATER CONTROL AND IMPROVEMENT DISTRICT AND MUNICIPAL UTILITY DISTRICT POWERS AND DUTIES.Printed as Section 9030.101 or 9030.102 | Sections 9030.101 and 9030.102
- Tex. Spec. Dist. Local Laws Code § 9030.102ROAD PROJECTS.Printed as Section 9030.101 or 9030.102 | Section 9030.102 | Sections 9030.101 and 9030.102
- Tex. Spec. Dist. Local Laws Code § 9030.103CONTRACT WITH POLITICAL SUBDIVISION FOR WATER OR SEWER SERVICES.Printed as Section 9030.103
Cited by 1 provision
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 9030.201. Each shows the citation as that text prints it.
Special District Local Laws Code
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.