Section 8475.201 - Authority to Issue Bonds and Other Obligations(a) Except as provided by Subsection (b), the district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources, to pay for any authorized district purpose.(b) The district may not issue bonds payable wholly or partly from assessments.Tex. Spec. Dist. Loc. Laws § 8475.201
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 680,Sec. 2, eff. 6/12/2017.Added by Acts 2013, 83rd Leg. - Regular Session, ch. 628,Sec. 1, eff. 6/14/2013.