Sec. 62.137. TAX BONDS. (a) The board shall not issue bonds payable in whole or in part from ad valorem taxes.
(b) The board may receive and spend the proceeds of bonds payable from taxes which are issued by the governing body of the county for park purposes after the bonds are authorized at an election held in the manner required by law.
Acts 1977, 65th Leg., p. 2498, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle E - Beaches and Dunes
Chapter 62 - Beach Park Board of Trustees
Subchapter E. Issuance of Bonds
Section 62.131. Authority to Issue Revenue Bonds
Section 62.132. Formal Requirements of Bonds
Section 62.134. Approval and Registration
Section 62.135. Authorized Investments