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Texas Water Code - WATER § 56.205. Bonds:  Approval

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

(a) After the bonds are sold, the district shall submit to the attorney general:

(1) the actual bonds;

(2) a certified copy of the board's order levying a tax to pay interest and create a sinking fund;

(3) a statement of the district's total bonded indebtedness including the value of the bonds proposed to be issued and the value of taxable property in the district as shown by the last official assessment of the appraisal district in which the district participates;  and

(4) other information the attorney general requires.

(b) The attorney general shall examine the bonds carefully and shall certify them if he finds that they conform to the constitution and laws of this state and are valid and binding obligations of the district.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 56.205. Bonds:  Approval - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-56-205/

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