Texas Water Code - WATER § 63.334. Assessment Fund

(a) The assessments shall be paid to the assessor and collector and shall be kept by him in a separate fund known as the “Assessment Fund.”

(b) Payments out of the fund shall be made to retire the bonds, notes, debentures, or other evidences of debt of the district on vouchers drawn by the commission each year on the maturity of the indebtedness.

(c) The vouchers shall be signed by at least two members of the commission.