Sec. 3874.156. USE OF SURPLUS MAINTENANCE AND OPERATION MONEY. If the district has surplus maintenance and operation tax money that is not needed for the purposes for which it was collected, the money may be used for any authorized purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 586 (S.B. 2466), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3874 - Cypress Waters Municipal Management District
Subchapter D. General Financial Provisions
Section 3874.151. General Powers Regarding Financial Matters
Section 3874.152. Borrowing Money
Section 3874.153. Assessments; Exemption
Section 3874.154. Residential Property Exempt
Section 3874.155. Maintenance and Operation Tax; Election
Section 3874.156. Use of Surplus Maintenance and Operation Money
Section 3874.157. Bonds and Other Obligations
Section 3874.158. Bond Maturity
Section 3874.159. Taxes for Bonds and Other Obligations
Section 3874.160. Development and Operating Agreement Required