Texas Water Code § 58.475 Issuance Of Bonds And Levy Of Tax

Sec. 58.475. ISSUANCE OF BONDS AND LEVY OF TAX. (a) After bonds other than preliminary bonds are voted, the board may authorize the issuance of the bonds in whole or in part as they are needed by the district.

(b) The board shall levy and annually assess and collect sufficient taxes to pay principal and interest on the bonds.

(c) The bonds may be approved by the attorney general and registered by the comptroller before the filing of the report of the Texas Water Rights Commission under Section 58.451 of this code.

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

Section: Previous  58.468  58.469  58.470  58.471  58.472  58.473  58.474  58.475  58.476  58.477  58.478  58.479  58.480  58.481  58.482  Next

Last modified: September 28, 2016