Sec. 61.032. PROVIDING FUNDS FOR PROPOSED IMPROVEMENTS. (a) If the commissioners court or the board approves the boundaries in the petition or as changed and decides to grant the petition, it shall determine the amount of money necessary for the improvements and all expenses connected with the improvements and whether to issue bonds for the full amount or, in the first instance, for a less amount.
(b) The commissioners court or the board shall specify the amount, term, and rate of interest of bonds to be issued.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 61 - Article Iii, Section 52, Navigation Districts
Subchapter B. Creation of District
Section 61.022. Area Included in District
Section 61.023. District May Include Road District
Section 61.024. Petition to Create Single-County District
Section 61.025. Petition to Create District in Two Counties
Section 61.028. Notice of Hearing
Section 61.029. Hearing by Board
Section 61.030. Conduct of Hearing
Section 61.032. Providing Funds for Proposed Improvements