Sec. 62.202. TAXES; SINKING FUND INVESTMENT. (a) After district bonds have been voted, the commissioners court shall levy and have assessed and collected on all property in the district taxes sufficient in amount to pay the interest on the bonds and to annually deposit an amount in the sinking fund sufficient to discharge and redeem the bonds at their maturity.
(b) If advisable, the sinking fund shall from time to time be invested by the commissioners court in county, municipal, district, or other bonds which may be approved by the attorney general.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 62 - Article Xvi, Section 59, Navigation Districts
Section 62.191. Issuance of Navigation Bonds
Section 62.192. Issuance of Additional Bonds
Section 62.194. Order for Bonds and Tax
Section 62.196. Duties of Attorney General
Section 62.197. Registration of Bonds
Section 62.198. Validity of Bonds
Section 62.199. Record of Bonds
Section 62.201. Chairman's Bond
Section 62.202. Taxes; Sinking Fund Investment
Section 62.203. Issuance of Refunding Bonds; Formalities
Section 62.204. Refunding Bonds Sold at Par
Section 62.205. Approval of Refunding Bonds by Attorney General
Section 62.206. Tax Levy for Refunding Bonds
Section 62.207. Authority of Sections 62
Section 62.209. Use of Bond Proceeds for Certain Acquisitions of Certain Districts