Sec. 3959.0206. 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. 985 (H.B. 4584), Sec. 1, eff. June 18, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3959 - Sterrett Road Municipal Management District
Section 3959.0201. Tax Election Required
Section 3959.0202. Operation and Maintenance Tax
Section 3959.0203. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3959.0204. Bonds Secured by Revenue or Contract Payments
Section 3959.0205. Bonds Secured by Ad Valorem Taxes; Elections