Sec. 58.524. PLEDGE OF FAITH AND CREDIT. If at an election the electors approve the issuance of bonds and the levy of a tax which applies only to a defined area, the district may issue bonds which pledge only the faith and credit based on the property values in the defined area; however, the district may pledge the full faith and credit of the entire district under the condition of authorization in Section 58.528 of this code.
Added by Acts 1977, 65th Leg., p. 1537, ch. 627, Sec. 1, eff. Aug. 29, 1977.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 58 - Irrigation Districts
Section 58.501. Tax to Pay Preliminary Bonds
Section 58.502. Hearing to Determine Basis of Taxation
Section 58.503. Notice of Hearing
Section 58.504. Conduct of Hearing
Section 58.506. Changing Tax Plan
Section 58.507. Effect of Sections 58
Section 58.508. Unlimited Authority to Collect Service Charges and Taxes
Section 58.509. Lien Created; No Limitation
Section 58.510. Purpose of Sections 58
Section 58.511. Authority to Adopt Alternative Plans of Taxation
Section 58.512. Alternative Plans of Taxation
Section 58.513. Adoption of Plan of Taxation
Section 58.514. Notice of Adoption of Plan and Hearing
Section 58.515. Order Adopting Tax Plan
Section 58.518. Notice and Hearing
Section 58.520. Procedure for Election
Section 58.521. Election Not Required in Separate Election Precinct
Section 58.523. Declaring Result and Issuing Order
Section 58.524. Pledge of Faith and Credit
Section 58.525. Election in Separate Election Precinct
Section 58.526. Issuance of Bonds and Levy of Tax for Defined Area or Designated Property