Sec. 51.320. LOANS FOR MAINTENANCE AND OPERATING EXPENSES. The board may borrow money to pay maintenance and operating expenses at an interest rate of not more than 10 percent a year and may pledge as security any of its notes or contracts with water users or accounts against them.
Acts 1971, 62nd Leg., p. 328, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 51 - Water Control and Improvement Districts
Subchapter G. Water Charges and Assessments
Section 51.301. Statement Estimating Water Requirements and Payment of Charge
Section 51.302. Contracts With Person Using Irrigation Water
Section 51.303. Authority to Determine Rules and Regulations
Section 51.304. Board's Estimate of Maintenance and Operating Expenses
Section 51.305. Distribution of Assessment
Section 51.306. Notice of Assessments
Section 51.307. Payment of Assessments
Section 51.308. Collection of Assessments by Tax Assessor and Collector
Section 51.309. Lien Against Crops
Section 51.310. List of Delinquent Assessments
Section 51.311. Water Service Discontinued
Section 51.312. Suits for Delinquent Assessments
Section 51.313. Interest and Collection Fees
Section 51.314. Rights of the United States
Section 51.315. Surplus Assessments
Section 51.316. Insufficient Assessments
Section 51.317. Determining Maintenance and Operation Charges
Section 51.318. Charges for Maintenance Expenses
Section 51.319. Charge to Cities and Towns
Section 51.320. Loans for Maintenance and Operating Expenses