Sec. 3962.0506. CONSENT OF MUNICIPALITY REQUIRED. (a) The board may not issue bonds until the city 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 2019, 86th Leg., R.S., Ch. 407 (S.B. 2502), Sec. 1, eff. June 4, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3962 - West Pecos Management District
Section 3962.0501. Tax Election Required
Section 3962.0502. Operation and Maintenance Tax
Section 3962.0503. Authority to Borrow Money and to Issue Bonds
Section 3962.0504. Bonds Secured by Revenue or Contract Payments
Section 3962.0505. Bonds Secured by Ad Valorem Taxes; Elections