Texas Special District Local Laws Code § 9206.201 Authority To Issue Bonds And Other Obligations

Sec. 9206.201. 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, to finance the construction, maintenance, or operation of a project under Section 9206.101 or 9206.102.

(b) The district may not issue bonds to finance projects authorized by Section 9206.102 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 9206.102 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. 944 (H.B. 3984), Sec. 1, eff. September 1, 2007.

Added by Acts 2007, 80th Leg., R.S., Ch. 1129 (H.B. 4069), Sec. 1.01, eff. September 1, 2007.

Section: Previous  9206.004  9206.005  9206.051  9206.052  9206.061  9206.062  9206.063  9206.064  9206.065  9206.066  9206.101  9206.102  9206.103  9206.151

Last modified: September 28, 2016