Texas Water Code § 58.524 Pledge Of Faith And Credit

Sec. 58.524. PLEDGE OF FAITH AND CREDIT. If at an election the electors approve the issuance of bonds and the levy of a tax which applies only to a defined area, the district may issue bonds which pledge only the faith and credit based on the property values in the defined area; however, the district may pledge the full faith and credit of the entire district under the condition of authorization in Section 58.528 of this code.

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

Section: Previous  58.517  58.518  58.519  58.520  58.521  58.522  58.523  58.524  58.525  58.526  58.527  58.528  58.529  58.561  58.562  Next

Last modified: September 28, 2016