{"data":{"id":"us-tx/tex.-special-district-local-laws-code-5201.053","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 5201.053","heading":"SECURITY FOR BONDS.","body":"Bonds issued under this chapter may be secured by:\n(1) solely a pledge of revenues, in the manner and to the extent prescribed for a county by Chapter 284, Transportation Code;\n(2) a pledge of, and making the bonds payable from, an ad valorem tax authorized by Section 52(b), Article III, Texas Constitution;\n(3) designating a portion of the bonds to be secured solely by a pledge of revenues as provided by Subdivision (1) and a portion of the bonds to be secured by a pledge of an ad valorem tax as provided by Subdivision (2); or\n(4) a combination of the methods prescribed by Subdivisions (1) and (2) through which all of the bonds are to be supported and secured by a pledge of revenue and ad valorem tax, in the manner and to the extent prescribed for a county by Chapter 284, Transportation Code.\nAdded by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.04, eff. April 1, 2007.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 5. TRANSPORTATION","SUBTITLE B. ROAD AND ROAD UTILITY DISTRICTS","CHAPTER 5201. GALVESTON COUNTY ROAD DISTRICT NO. 1","SUBCHAPTER B. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5201.htm#5201.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a33951f6a93ff258f5c85d179db917396327a3af71a3d5c7fb7cd23c7b7eb085","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-5201.052","next":"us-tx/tex.-special-district-local-laws-code-5201.054"},"notice":"GroundRules: Original legal text. Not legal advice."}