Sec. 11006.251. AUTHORITY TO ISSUE BONDS. (a) The authority may issue bonds payable from and secured by revenue or ad valorem taxes, or both revenue and ad valorem taxes, of the authority to carry out any power or authority conferred by this chapter. The bonds must be authorized by a board resolution.
(b) The bonds must be issued in the manner and under the terms of the resolution authorizing the issuance of the bonds.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11006 - South Texas Water Authority
Section 11006.251. Authority to Issue Bonds
Section 11006.252. Form of Bonds
Section 11006.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11006.255. Bonds Secured by Revenue; Additional Bonds
Section 11006.256. Bonds Payable From Ad Valorem Taxes
Section 11006.257. Additional Security
Section 11006.258. Trust Indenture
Section 11006.259. Charges for Authority Services
Section 11006.260. Use of Bond Proceeds
Section 11006.261. Appointment of Receiver
Section 11006.262. Refunding Bonds
Section 11006.263. Limitation on Rights of Bondholders
Section 11006.264. Bonds Exempt From Taxation
Section 11006.265. Detachment of Authority Territory After Issuance of Bonds