GroundRules
Tex. Special District Local Laws Code § 8506.204: POWER TO ISSUE REVENUE BONDS.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE G. RIVER AUTHORITIES
- CHAPTER 8506. UPPER COLORADO RIVER AUTHORITY
- SUBCHAPTER E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS
(a) The authority may issue revenue bonds for any corporate purpose in any amount authorized by the directors but not to exceed an aggregate principal amount of $6 million.
(b) The bonds may be secured only by a pledge of the amounts granted or donated by this state or out of any other current revenue of the district, which amounts shall be paid to the legal holders of the bonds.
(c) The bonds must be authorized by a board resolution.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.
Collected 2026-08-27T01:47:41Z. Source file · JSON