Sec. 3867.206. TAXES AND BONDS FOR RECREATIONAL FACILITIES. (a) The limitation on the outstanding principal amount of bonds, notes, and other obligations provided by Section 49.4645, Water Code, does not apply to the district.
(b) Section 49.107(h), Water Code, does not apply to the district.
Added by Acts 2013, 83rd Leg., R.S., Ch. 582 (S.B. 863), Sec. 1, eff. June 14, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3867 - Pearland Municipal Management District No. 2
Section 3867.201. Elections Regarding Taxes and Bonds
Section 3867.202. Operation and Maintenance Tax
Section 3867.203. Contract Taxes
Section 3867.204. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3867.205. Taxes for Bonds
Section 3867.206. Taxes and Bonds for Recreational Facilities
Section 3867.207. City Not Required to Pay District Obligations