Tex. Water Code § 58.800 · Subchapter O. DISSOLUTION OF DISTRICT
ISSUANCE AND SALE OF DISSOLUTION BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a majority of the electors at the election vote in favor of the dissolution of the district and the issuance of bonds and the levy of taxes for the payment of the bonds, the board shall issue and sell the bonds or any part of them. The bonds shall be known as "dissolution bonds."
(b) The board may deliver the dissolution bonds or any part of them in satisfaction of the valid, enforceable indebtedness of the district for which the bonds are issued, or in payment of expenses incurred or to be incurred in connection with the dissolution of the district, or in payment of services rendered or to be rendered to the district.
(c) The dissolution bonds shall be:
(1) serially numbered, commencing with the first maturities;
(2) issued in the name of the district;
(3) signed by the president; and
(4) attested by the secretary, with the seal of the district attached.
(d) The board shall determine the maturities of the bonds not to exceed seven years from their date, the denominations of the bonds, and the interest.
Notes and commentary — not statutory text
History
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.58.htm
- Text hash
- sha256 8ebf7d0d359470bbc4b3f489d2f0fc69aaa83290fac38b051229f11c48ff7f3c
- 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.