Sec. 3918.0504. BONDS SECURED BY REVENUE OR CONTRACT PAYMENTS. The district may issue, without an election, bonds secured by:
(1) revenue other than ad valorem taxes, including contract revenues; or
(2) contract payments, provided that the requirements of Section 49.108, Water Code, have been met.
Added by Acts 2021, 87th Leg., R.S., Ch. 990 (H.B. 4638), Sec. 1, eff. January 1, 2022.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3918 - Leander Municipal Management District No. 1
Section 3918.0501. Bonds and Other Obligations
Section 3918.0502. Tax Election Required
Section 3918.0503. Operation and Maintenance Tax
Section 3918.0504. Bonds Secured by Revenue or Contract Payments
Section 3918.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3918.0506. Written Agreement Regarding Special Appraisals
Section 3918.0507. Exemption From Certain Supervision and Approval Requirements