Sec. 3791.0506. CONSENT OF MUNICIPALITY REQUIRED. (a) The board may not issue bonds until each municipality in whose corporate limits or extraterritorial jurisdiction the district is located has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) This section applies only to the district's first issuance of bonds payable from ad valorem taxes.
Added by Acts 2021, 87th Leg., R.S., Ch. 771 (H.B. 4666), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3791 - Lorena Municipal Management District No. 1
Section 3791.0501. Tax Election Required
Section 3791.0502. Operation and Maintenance Tax
Section 3791.0503. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3791.0504. Bonds Secured by Revenue or Contract Payments
Section 3791.0505. Bonds Secured by Ad Valorem Taxes; Elections