Sec. 3971.0507. 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. 473 (H.B. 4694), Sec. 1, eff. June 7, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3971 - Sh130 Municipal Management District No. 1
Section 3971.0501. Tax Election Required
Section 3971.0502. Operation and Maintenance Tax
Section 3971.0503. Authority to Borrow Money and to Issue Bonds and Other Obligations
Section 3971.0504. Bonds Secured by Revenue or Contract Payments
Section 3971.0505. Bonds Secured by Ad Valorem Taxes; Elections
Section 3971.0506. Bonds and Other Obligations for Improvement Under Agreement