Texas Water Code § 60.176 Obligations As Charge On Encumbered Property And Facilities

Sec. 60.176. OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES. (a) No obligation issued under Section 60.174 of this code shall be a debt of the district issuing the obligation but shall be solely a charge on the encumbered property and facilities.

(b) Revenue and income from the encumbered property and facilities of the district shall not be considered in determining the power of the district to issue any bonds for any purpose authorized by law.

Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.

Section: Previous  60.152  60.153  60.171  60.172  60.173  60.174  60.175  60.176  60.177  60.178  60.179  60.180  60.181  60.201  60.202  Next

Last modified: September 28, 2016