Tex. Water Code § 54.503 · Subchapter F. ISSUANCE OF BONDS
MANNER OF REPAYMENT OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may provide for the payment of principal of and interest and redemption price on the bonds in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on all taxable property within the district;
(2) by pledging all or any part of the designated revenues to result from the ownership or operation of the district's works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines;
(3) by pledging all or part of any funds or revenues available to the district; or
(4) a combination of the sources set forth in Subdivisions (1), (2), and (3) of this section.
Notes and commentary — not statutory text
History
Added by Acts 1971, 62nd Leg., p. 795, ch. 84, Sec. 1. Amended by Acts 2003, 78th Leg., ch. 248, Sec. 30, eff. June 18, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.54.htm
- Text hash
- sha256 525959335e7f78248cbe0872e3aee6c4df4de6b3e5af9b8f89b0efc4cd9f4537
- 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 1 provision
Provisions in this library whose text cites Tex. Water Code § 54.503. Each shows the citation as that text prints it.
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.