Tex. Water Code § 36.172

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

Section 36.172 - Manner of Repayment of 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.

Tex. Water Code § 36.172

Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. 9/1/1995.