Tex. Water Code § 51.433 · Subchapter K. ISSUANCE OF BONDS
TAX LEVY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At the time bonds are voted, the board shall levy a tax on all property inside the district in a sufficient amount to redeem and discharge the bonds at maturity.
(b) The board annually shall levy or have assessed and collected taxes on all property inside the district in a sufficient amount to pay for the expenses of assessing and collecting the taxes.
(c) If a contract is made with the United States, the board annually shall levy taxes on property inside the district in a sufficient amount to pay installments and interest as they become due.
(d) The board may issue the bonds in serial form or payable in installments, and the tax levy shall be sufficient if it provides an amount sufficient to pay the interest on the bonds, the proportionate amount of the principal of the next maturing bonds, and the expenses of assessing and collecting the taxes for that year.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 342, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.51.htm
- Text hash
- sha256 1d2aed3f24238860ff6540f4a4f894acadf5a26ff8e7fdaedf6e51c613cacb73
- 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
Cited by 12 provisions
Provisions in this library whose text cites Tex. Water Code § 51.433. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 9016.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9031.0502TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9034.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9037.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9038.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9039.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9047.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9072.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9074.202TAXES FOR BONDS.Printed as Section 51.433, Water Code
- Tex. Spec. Dist. Local Laws Code § 9075.0064TAXES FOR BONDS.Printed as Sections 51.433 and 51.436, Water Code
- Tex. Spec. Dist. Local Laws Code § 9089.0502TAXES FOR BONDS.Printed as Section 51.433, Water 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.