Sec. 6904.251. AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds to carry out any power conferred by this chapter. The bonds must be authorized by a board resolution.
(b) The bonds may be payable from and secured by revenue or ad valorem taxes, or both revenue and ad valorem taxes, of the district, in the manner and under the terms of the resolution authorizing the issuance of the bonds.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Section: Previous 6904.160 6904.161 6904.162 6904.201 6904.202 6904.203 6904.204 6904.251 6904.252 6904.253 6904.254 6904.255 6904.256 6904.257 6904.258 NextLast modified: September 28, 2016