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Texas Special District Local Laws Code - SDLL § 9019.201. Authority to Issue Bonds

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

To carry out a power the district is authorized to perform, the district may issue bonds payable from and secured by:

(1) ad valorem taxes;

(2) all or part of the net revenue of the income-producing properties of the district, as specified by the board, after deducting reasonable expenses for maintenance, operation, and administration; or

(3) ad valorem taxes and the net revenue described by Subdivision (2). (Acts 52nd Leg., R.S., Ch. 418, Sec. 6 (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 9019.201. Authority to Issue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-9019-201/

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