Tex. Spec. Dists. Code § 1116.202
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The board may issue bonds under Section 1116.201 only if the board imposes an ad valorem tax at a rate sufficient to create an interest and sinking fund to pay the principal of and interest on the bonds as the bonds mature.
Tex. Spec. Dist. Loc. Laws § 1116.202