Sec. 1474.001. AUTHORITY TO ISSUE BONDS FOR IRRIGATION PURPOSES. A county may issue bonds in an amount not to exceed one-fourth of the assessed value of the real property in the county for:
(1) constructing, purchasing, or maintaining a pool, lake, reservoir, dam, canal, or waterway for irrigation purposes or to aid in irrigation;
(2) enlarging an improvement described by Subdivision (1); or
(3) paying expenses incidental to the construction, purchase, maintenance, or enlargement.
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 1474 - Bonds for County Water Improvements
Subchapter A. Purposes for Which Bonds and Notes May Be Issued
Section 1474.001. Authority to Issue Bonds for Irrigation Purposes
Section 1474.002. Authority to Issue Additional Bonds for Irrigation Purposes
Section 1474.003. Authority to Issue Bonds or Notes for Repair Purposes
Section 1474.004. Authority to Issue Bonds for Other Water-Related Improvements