BONDS SECURED BY REVENUE OR CONTRACT PAYMENTS.

Tex. SPEC. DIST. LOCAL LAWS Code § 3962.0504.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The district may issue, without an election, bonds secured by: (1) revenue other than ad valorem taxes, including contract revenues; or (2) contract payments, provided that the requirements of Section 49.108 , Water Code, have been met. Added by Acts 2019, 86th Leg., R.S., Ch. 407 (S.B. 2502 ), Sec. 1, eff. June 4, 2019.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements