Sec. 375.201. GENERAL OBLIGATION AND REVENUE BONDS. For the payment of all or part of the costs of an improvement project or services, the board may issue bonds in one or more series payable from and secured by ad valorem taxes, assessments, impact fees, revenues, grants, gifts, contracts, leases, or any combination of those funds. Bonds may be liens on all or part of the revenue derived from improvements authorized under this chapter, including installment payments of special assessments or from any other source pledged to their payment.
Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 375 - Municipal Management Districts in General
Section 375.201. General Obligation and Revenue Bonds
Section 375.202. Terms and Conditions of Bonds
Section 375.204. Refunding Bonds
Section 375.205. Approval by Attorney General; Registration
Section 375.206. Authorized Investments; Security
Section 375.207. Municipal Approval