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Texas Special District Local Laws Code - SDLL § 6604.201. Authority to Issue Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

The commissioners court may:

(1) issue district bonds to finance carrying out any power or purpose granted by this chapter to the district; and

(2) provide for the payment of the interest on the bonds as it accrues and for a sinking fund for the redemption of the bonds as they mature by imposing a tax on all taxable property in the district, as shown by the most recent certified appraisal roll of the district, at a rate sufficient for that purpose.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 6604.201. Authority to Issue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-6604-201/

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