Sec. 9001.202. LIMIT ON BONDS AND OTHER OBLIGATIONS. (a) Bonds, notes, or other obligations issued or incurred by the district under Section 53.029, Water Code, may not exceed one-fourth of the assessed value of the real property in the district.
(b) The district may not issue bonds until a development agreement between the City of Celina and the district has been signed.
Added by Acts 2005, 79th Leg., Ch. 446 (S.B. 1828), Sec. 1, eff. June 17, 2005.
Section: Previous 9001.004 9001.005 9001.051 9001.052 9001.101 9001.102 9001.103 9001.104 9001.105 9001.106 9001.151 9001.152 9001.153 9001.201 9001.202Last modified: September 28, 2016