Tex. Water Code § 57.177 · Subchapter F. GENERAL FISCAL PROVISIONS
FINANCING THE DISTRICT WITHOUT BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the district wants to carry out its purposes without issuing bonds, the board may arrange for contributions from landowners or other sources to provide the funds required to complete the improvements.
(b) The electors of the district may vote to create an indebtedness which is not evidenced by bonds.
(c) If the district creates an indebtedness under this section, the indebtedness may not be more than:
(1) the cost of construction of the improvements included in the engineer's report;
(2) the cost of maintaining the improvements for two years; and
(3) an additional amount equal to 10 percent to meet emergencies, modifications, and changes lawfully made, plus damages awarded against the district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 1981, 67th Leg., p. 983, ch. 367, Sec. 36, eff. June 10, 1981; Acts 2003, 78th Leg., ch. 248, Sec. 43, 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.57.htm
- Text hash
- sha256 5efacda0e662c3e521bf9563ea237801f77eba90691dc6a84e041deee5fe049f
- 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.