GroundRules
Tex. Special District Local Laws Code § 9092.0506: BONDS PAYABLE FROM AD VALOREM TAXES.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS
- CHAPTER 9092. FRANKLIN COUNTY WATER DISTRICT
- SUBCHAPTER E. BORROWED MONEY; BONDS
Text of section effective on April 01, 2027
The board may issue bonds payable, as pledged by board resolution, from:
(1) ad valorem taxes of the district; or
(2) ad valorem taxes and revenue of the district.
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.03, eff. April 1, 2027.
Collected 2026-08-27T01:47:41Z. Source file · JSON