AUTHORITY TO ISSUE BONDS.
Tex. SPEC. DIST. LOCAL LAWS Code § 9001.201.
in effect(a) The district may issue bonds as provided by Chapter 49 or 51 , Water Code, or Section 53.029 , Water Code, the general laws of this state, or this section.
(b) Except as provided by Subsection (c) and Section 9001.202 , the district may issue bonds, notes, or other obligations as provided by Section 53.029 , Water Code, to finance, or assist in the financing of, projects under Section 9001.105 .
(c) The district may not issue bonds under Subsection (b) unless the issuance is authorized by two-thirds of the district's voters voting at an election called for that purpose.
(d) Section 49.181 , Water Code, does not apply to a bond issued by the district under Section 53.029 , Water Code.
Added by Acts 2005, 79th Leg., Ch. 446 (S.B. 1828 ), Sec. 1, eff. June 17, 2005.