Sec. 1501.204. PLEDGE OF REVENUE. Bonds issued under this subchapter must be secured by a pledge of and be payable from the net revenue of the municipal water and sewer system, including any district property purchased with the bond proceeds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Section 1501.201. Applicability of Subchapter
Section 1501.203. Authority to Issue Bonds
Section 1501.204. Pledge of Revenue
Section 1501.205. Notice of Intention to Issue Bonds
Section 1501.206. Petition; Election
Section 1501.207. Sale of District Property
Section 1501.208. Interest and Sinking Fund of District
Section 1501.209. Investment of Money in Interest and Sinking Fund
Section 1501.210. Payment of Outstanding Bonds
Section 1501.211. Ordinance Specifying Date of Passage of Title; Abolition of District