Tex. Spec. Dists. Code § 21.402

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

Section 21.402 - Bond Payment

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

(1) from the imposition of property taxes on all taxable property in the district;

(2) by pledging all or part of the designated revenue from the ownership or operation of the district's works, improvements, and facilities; or

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

Tex. Spec. Dist. Loc. Laws § 21.402

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.01, eff. 4/1/2009.