Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Water Code § 58.392: SECURITY FOR LOAN.

Where this section sits in the code

WATER CODE
TITLE 4. GENERAL LAW DISTRICTS
CHAPTER 58. IRRIGATION DISTRICTS
SUBCHAPTER I. BORROWING MONEY

To secure the loan, the board may pledge up to 85 percent of any levied tax of the district which has not been collected by the district or may pledge as collateral any district bonds which have been authorized but not sold.

Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.

Collected 2026-08-27T01:47:48Z. Source file · JSON

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