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Current as of January 01, 2024 | Updated by Findlaw Staff
The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.
Cite this article: FindLaw.com - Texas Water Code - WATER § 36.172. Manner of Repayment of Bonds and Notes - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-36-172/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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