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

Tex. Water Code § 60.174: ISSUANCE OF OBLIGATIONS.

Where this section sits in the code

WATER CODE
TITLE 4. GENERAL LAW DISTRICTS
CHAPTER 60. NAVIGATION DISTRICTS--GENERAL PROVISIONS
SUBCHAPTER G. POWERS OF DISTRICT TO PROVIDE IMPROVEMENTS WITHOUT TAXATION

(a) The district may issue evidences of indebtedness secured by encumbrance which mature not more than 20 years after the date of issuance.

(b) The encumbrance and evidences of indebtedness shall include the clause: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."

Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.

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

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