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Current as of January 01, 2024 | Updated by Findlaw Staff
If at an election the electors approve the issuance of bonds and the levy of a tax which applies only to a defined area, the district may issue bonds which pledge only the faith and credit based on the property values in the defined area; however, the district may pledge the full faith and credit of the entire district under the condition of authorization in Section 51.529 of this code.
Cite this article: FindLaw.com - Texas Water Code - WATER § 51.525. Pledge of Faith and Credit - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-51-525/
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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