Sec. 55.457. USING REVENUE FROM SALE OF WATER, POWER, AND OTHER SERVICES TO PAY DEBTS. (a) The district may fix charges for the use and sale of water, power, and other services to pay debts and to accomplish other lawful purposes of the district.
(b) The district may borrow money for any purpose in the manner provided in this subchapter and pledge for payment of these debts, income and revenue from the sale of water, power, and other services sufficient in amount to pay principal, interest, and other charges which may accrue.
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