Sec. 3967.0506. 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 2019, 86th Leg., R.S., Ch. 1254 (H.B. 4644), Sec. 1, eff. June 14, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3967 - Wood Trace Management District of Montgomery County, Texas
Section 3967.0501. Tax Election Required
Section 3967.0502. Operation and Maintenance Tax
Section 3967.0503. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3967.0504. Bonds Secured by Revenue or Contract Payments
Section 3967.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3967.0506. Consent of Municipality Required