Tex. Water Code § 36.172: MANNER OF REPAYMENT OF BONDS AND NOTES.
Where this section sits in the code
- WATER CODE
- TITLE 2. WATER ADMINISTRATION
- SUBTITLE E. GROUNDWATER MANAGEMENT
- CHAPTER 36. GROUNDWATER CONSERVATION DISTRICTS
- SUBCHAPTER F. BONDS AND NOTES
The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.
Collected 2026-08-27T01:47:48Z. Source file · JSON