Tex. Loc. Gov't Code § 351.150

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 351.150 - Manner of Repayment of Bonds

The board may provide for the payment of the principal of and interest on the bonds:

(1) from the levy and collection of ad valorem taxes on all taxable property within the district;

(2) by pledging all or any part of the designated revenues of the district; or

(3) from a combination of the sources listed in Subdivisions (1) and (2).

Tex. Loc. Gov't. Code § 351.150

Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), eff. 8/28/1989.