Sec. 441.180. MANNER OF REPAYMENT. (a) The board may provide for the payment of the principal of and interest on the bonds by one or more of the following methods:
(1) imposition and collection of ad valorem taxes;
(2) adoption of a plan of taxation authorized by Sections 51.502-51.506, Water Code, as provided by those sections; or
(3) pledging all or part of the fees under Section 441.197.
(b) In this chapter, a reference to ad valorem taxes includes a reference to any other tax the board imposes as provided by this chapter.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle J - Road Utility Districts
Chapter 441 - Road Utility Districts
Section 441.171. Issuance of Bonds
Section 441.172. Tax Bond Election
Section 441.173. Form and Provisions of Bonds
Section 441.175. Refunding Bonds
Section 441.176. Tax Exemption
Section 441.177. Bondholder Mandamus
Section 441.178. Use of Bond Proceeds