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Subchapter A. General Provisions
Section 7502.001. Definitions - Sec. 7502.001. DEFINITIONS. In this chapter: (1) "Authority" means the...
Section 7502.002. Nature of Authority; Political Subdivision - Sec. 7502.002. NATURE OF AUTHORITY; POLITICAL SUBDIVISION. The Lake Proctor...
Section 7502.003. Legislative Findings - Sec. 7502.003. LEGISLATIVE FINDINGS. The legislature finds that: (1) this...
Section 7502.004. Authority Boundaries - Sec. 7502.004. AUTHORITY BOUNDARIES. (a) The authority is composed of...
Subchapter B. Board of Directors
Section 7502.051. Composition - Sec. 7502.051. COMPOSITION. The board consists of five directors. Added...
Section 7502.052. Qualifications - Sec. 7502.052. QUALIFICATIONS. A director must: (1) be at least...
Section 7502.053. Appointment of Directors by Commission; Term - Sec. 7502.053. APPOINTMENT OF DIRECTORS BY COMMISSION; TERM. The commission...
Section 7502.054. Recommendation by Landowners - Sec. 7502.054. RECOMMENDATION BY LANDOWNERS. (a) The board shall seek...
Section 7502.055. Recommendation of Director Following Rejection by Commission - Sec. 7502.055. RECOMMENDATION OF DIRECTOR FOLLOWING REJECTION BY COMMISSION. (a)...
Section 7502.056. Vacancies - Sec. 7502.056. VACANCIES. A vacancy on the board is filled...
Section 7502.057. Compensation - Sec. 7502.057. COMPENSATION. Unless the board by resolution increases the...
Section 7502.058. Regular Board Meetings - Sec. 7502.058. REGULAR BOARD MEETINGS. The board shall hold regular...
Subchapter C. Powers and Duties
Section 7502.101. General Rights, Powers, Privileges, Functions, and Duties - Sec. 7502.101. GENERAL RIGHTS, POWERS, PRIVILEGES, FUNCTIONS, AND DUTIES. The...
Section 7502.102. General Powers of Board - Sec. 7502.102. GENERAL POWERS OF BOARD. The board shall provide...
Section 7502.103. Award of Certain Contracts - Sec. 7502.103. AWARD OF CERTAIN CONTRACTS. (a) The authority may...
Section 7502.104. Exclusion of Land - Sec. 7502.104. EXCLUSION OF LAND. (a) If the authority has...
Section 7502.105. Failure to Repair or Improve - Sec. 7502.105. FAILURE TO REPAIR OR IMPROVE. (a) If the...
Subchapter D. General Financial Provisions
Section 7502.151. Use of Bond Proceeds From Previous District - Sec. 7502.151. USE OF BOND PROCEEDS FROM PREVIOUS DISTRICT. The...
Section 7502.152. Ad Valorem Taxes Prohibited - Sec. 7502.152. AD VALOREM TAXES PROHIBITED. The authority may not...
Section 7502.153. Assessments for Costs and Expenses - Sec. 7502.153. ASSESSMENTS FOR COSTS AND EXPENSES. (a) Before October...
Subchapter E. Bonds
Section 7502.201. Authority to Issue Revenue Bonds - Sec. 7502.201. AUTHORITY TO ISSUE REVENUE BONDS. The board may...
Section 7502.202. Purpose of Bonds - Sec. 7502.202. PURPOSE OF BONDS. Bonds sold under this subchapter...
Section 7502.203. Security for Revenue Bonds - Sec. 7502.203. SECURITY FOR REVENUE BONDS. (a) The principal of...
Section 7502.204. Maturity of Bonds - Sec. 7502.204. MATURITY OF BONDS. Revenue bonds issued under this...
Section 7502.205. Capitalized Interest and Discount on Bonds - Sec. 7502.205. CAPITALIZED INTEREST AND DISCOUNT ON BONDS. (a) Capitalized...
Section 7502.206. Validation of Bonds - Sec. 7502.206. VALIDATION OF BONDS. The board may file suit...