Tex. Water Code § 55.452 · Subchapter K. BORROWING MONEY
ADOPTING METHOD FOR PAYMENT OF DEBTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) When a district incurs a debt or obligation, it shall provide for payment of the debt or obligation by levying, assessing, and collecting either a general ad valorem tax or a tax on a benefit basis.
(b) Any district which has previously issued bonds or obligations payable on either basis may adopt a different basis of taxation in the creation of an additional debt or obligation.
(c) Each debt or obligation shall be paid in the manner provided at the time it was incurred.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 462, 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.55.htm
- Text hash
- sha256 d29e63a8baf81fb2e2b322cee492e0e55c1c5683ca49e8fe014923da746d314b
- 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.