Texas Water Code § 58.438 Issuance Of Bonds

Sec. 58.438. ISSUANCE OF BONDS. (a) After a district is created and has adopted plans for construction of a plant and improvements, it may issue bonds to pay for constructing the plant and improvements and to pay costs and charges incident to the construction including the cost of necessary property and the retirement of preliminary bonds.

(b) The maximum amount of bonds which may be issued may not be more than the amount of the engineer's estimate plus the additional amounts added by the board in the election order.

Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.

Section: Previous  58.431  58.432  58.433  58.434  58.435  58.436  58.437  58.438  58.439  58.440  58.441  58.443  58.444  58.445  58.446  Next

Last modified: September 28, 2016