Sec. 55.454. INCURRING DEBT WITHOUT VOTER APPROVAL. None of the provisions of this subchapter shall prevent the board from creating any debt or obligation without voter approval if the debt or obligation is created to defray ordinary maintenance and operating expenses or if the debt or obligation is to be retired from current revenues.
Acts 1971, 62nd Leg., p. 463, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 55 - Water Improvement Districts
Section 55.452. Adopting Method for Payment of Debts
Section 55.454. Incurring Debt Without Voter Approval
Section 55.455. Taxes on Uniform Basis
Section 55.456. Obtaining Loan When Bonds Cannot Be Sold
Section 55.457. Using Revenue From Sale of Water, Power, and Other Services to Pay Debts