Section 6604.201 - Authority to Issue Bonds The commissioners court may:
(1) issue district bonds to finance carrying out any power or purpose granted by this chapter to the district; and(2) provide for the payment of the interest on the bonds as it accrues and for a sinking fund for the redemption of the bonds as they mature by imposing a tax on all taxable property in the district, as shown by the most recent certified appraisal roll of the district, at a rate sufficient for that purpose.Tex. Spec. Dist. Loc. Laws § 6604.201
Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.03, eff. 4/1/2011.