GroundRules
Tex. Special District Local Laws Code § 8175.201: AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE F. MUNICIPAL UTILITY DISTRICTS For contingent expiration of this chapter, see Section 8175.003.
- CHAPTER 8175. LOS FRESNOS MUNICIPAL UTILITY DISTRICT NO. 2 OF CAMERON COUNTY
- SUBCHAPTER E. BONDS
(a) The district may issue bonds or other obligations as provided by Chapters 49 and 54, Water Code, to finance the construction, maintenance, or operation of a project under Section 8175.101 or 8175.102.
(b) The district may not issue bonds or other obligations to finance projects authorized by Section 8175.102 unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election called for that purpose.
(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8175.102 may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 117 (S.B. 1041), Sec. 1, eff. September 1, 2007.
Collected 2026-08-27T01:47:41Z. Source file · JSON