Sec. 54.811. PLEDGE OF FAITH AND CREDIT. If at an election, the voters approve the issuance of bonds and the levy of a tax that applies only to a designated area, the district may issue bonds that pledge only the faith and credit based on the property values in the defined area and may not pledge the full faith and credit of the district.
Added by Acts 1987, 70th Leg., ch. 600, Sec. 1, eff. Aug. 31, 1987.
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