Tex. Water Code § 51A.004 · Chapter 51A. METROPOLITAN WATER CONTROL AND IMPROVEMENT DISTRICTS AND SUBDISTRICTS
SUBDISTRICT BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before adopting an order calling elections under Section 51A.003(e), the engineer for a subdistrict shall present a report to the subdistrict board that conforms to Section 51.410 with regard to the bonds to be issued by the subdistrict or by the district on behalf of the subdistrict.
(b) After the engineer's report is filed and approved, the subdistrict board shall order an election within the boundaries of the subdistrict to authorize the issuance of bonds by the subdistrict or by the district on behalf of the subdistrict in accordance with this chapter and Sections 49.106 and 51.411.
(c) Bonds authorized at an election within the subdistrict may only be repaid from ad valorem taxes imposed on all taxable property within the boundaries of the subdistrict or income, increment, and revenue derived from the ownership or operation of any part of the assets of the subdistrict or any combination of those sources. The district is not liable for the repayment of those bonds except as provided by this subsection.
(d) A subdistrict may issue refunding bonds as provided by Section 51A.002.
(e) Bonds issued by a subdistrict or by the district on behalf of the subdistrict are investment securities under Chapter 2257, Government Code, are public securities under Chapter 1201, Government Code, and are subject to the general laws of this state relating to bonds of a water control and improvement district to the extent that those general laws are not inconsistent with this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 19.004(a), eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.51A.htm
- Text hash
- sha256 b60823479eb12ccf14f253d9f224732a7d9ec9f059fc1ff167bdf7e77d913d81
- 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.
Government Code
Water Code
- Tex. Water Code § 49.106BOND ELECTIONS.Printed as Sections 49.106 and 51.411
- Tex. Water Code § 51.410ENGINEER'S REPORT.Printed as Section 51.410
- Tex. Water Code § 51.411ELECTION ORDER.Printed as Sections 49.106 and 51.411
- Tex. Water Code § 51A.002REFUNDING BONDS.Printed as Section 51A.002
- Tex. Water Code § 51A.003CREATION OF SUBDISTRICTS.Printed as Section 51A.003(e)
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.