Sec. 1471.052. ASSESSMENT AS SECURITY. Bonds or certificates issued under this subchapter must be secured by a pledge of all or part of the money received by the road district from an assessment made against all taxable real property in the district under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1471 - Bonds for County Roads
Subchapter C. Refinancing Road District Bonds Through Assessments
Section 1471.051. Alternate Refunding Bonds and Certificates of Assessment Authorized
Section 1471.052. Assessment as Security
Section 1471.054. Preparation of Assessment
Section 1471.055. Notice of Hearing
Section 1471.056. Imposition of Assessment
Section 1471.057. Appeal of Assessment
Section 1471.058. Reassessment
Section 1471.059. Adjustment of Values Following Reassessment
Section 1471.060. Lien for Unpaid Assessment