Texas Special District Local Laws Code § 9024.201 Authority To Issue Bonds And Other Obligations

Sec. 9024.201. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations as provided by Chapters 49 and 51, Water Code, and to finance the construction, maintenance, or operation of projects under Sections 9024.101 and 9024.102.

(b) The district may not issue bonds to finance projects authorized by Section 9024.102 unless the issuance is approved by a vote of a two-thirds majority of district voters voting at an election called for that purpose.

(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 9024.102 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. 788 (H.B. 4010), Sec. 1, eff. September 1, 2007.

Section: Previous  9024.004  9024.021  9024.022  9024.023  9024.024  9024.025  9024.026  9024.051  9024.052  9024.101  9024.102  9024.103  9024.104  9024.105  9024.151

Last modified: September 28, 2016