Tex. Water Code § 55.523 · Subchapter L. ISSUANCE OF BONDS
ISSUING REFUNDING BONDS WHICH PLACE A GREATER BURDEN ON THE DISTRICT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the district issues refunding bonds for a greater amount, for a greater rate of interest, or for a longer period of maturity than the bonds which they are to replace or if the refunding bonds in any other respect create a greater burden on the district, the district shall submit the question of whether or not it should issue the refunding bonds to the voters of the district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 471, 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 a2e82a7833c8b9ae49f518c3cf1286b5ce8613e9b71ca5df2f6fcf772ded6b6c
- 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.