Sec. 36.172. MANNER OF REPAYMENT OF BONDS AND NOTES. The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle E - Groundwater Management
Chapter 36 - Groundwater Conservation Districts
Section 36.171. Issuance of Bonds and Notes
Section 36.172. Manner of Repayment of Bonds and Notes
Section 36.173. Additional Security for Bonds and Notes
Section 36.174. Form of Bonds or Notes
Section 36.175. Provisions of Bonds and Notes
Section 36.176. Refunding Bonds
Section 36.177. Bonds and Notes as Investments
Section 36.178. Bonds and Notes as Security for Deposits
Section 36.179. Tax Status of Bonds and Notes
Section 36.181. Approval by Attorney General; Registration by Comptroller