Sec. 8213.201. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations as provided by Chapters 49 and 54, Water Code, to finance the construction, maintenance, or operation of a project under Section 8213.101 or 8213.102.
(b) The district may not issue bonds or other obligations to finance projects authorized by Section 8213.102 unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election called for that purpose.
(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8213.102 may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 952 (H.B. 4031), Sec. 1, eff. September 1, 2007.
Section: Previous 8213.002 8213.003 8213.004 8213.021 8213.022 8213.023 8213.024 8213.025 8213.026 8213.051 8213.101 8213.102 8213.103 8213.104 8213.151Last modified: September 28, 2016