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