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Texas Water Code - WATER § 53.171. Power to Issue Bonds

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

(a) A district may issue bonds to secure indebtedness for any purpose authorized by this chapter, Chapter 49, or other applicable laws.

(b) A district may not issue tax bonds or incur any debt which is to be paid with tax revenue unless an election is first held in the district and the proposition is approved by a majority of the electors of the district who vote in the election.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 53.171. Power to Issue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-53-171/

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