Sec. 63.032. 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 of bonds to be issued, the maximum term for which the bonds will run, and the rate of interest.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 63 - Self-Liquidating Navigation Districts
Subchapter B. Creation of District; Conversion of District
Section 63.021. Self-Liquidating Districts
Section 63.023. Area Included in District
Section 63.024. Petition to Create Single-County District
Section 63.025. Petition to Create District in Two Counties
Section 63.026. Navigation Board
Section 63.028. Notice of Hearing
Section 63.029. Hearing by Navigation Board
Section 63.030. Conduct of Hearing
Section 63.032. Providing Funds for Proposed Improvements
Section 63.033. Election Order
Section 63.034. Notice of Election
Section 63.036. Conduct of Election
Section 63.037. Returns of Election
Section 63.038. Declaration of Result
Section 63.039. Conversion of District