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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If tax and bond revenue is pledged to pay amount due under the encumbrance, the district must hold an election and receive the approval of the electors.
(b) An election to approve the use of tax and bond revenue shall be held in the same manner and with the same voters' qualifications as provided for elections on the issuance of the bonds of the district.
Cite this article: FindLaw.com - Texas Water Code - WATER § 51.180. Election to Approve Revenue for Payment of Mortgage - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-51-180/
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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