Sec. 65.503. MANNER OF REPAYMENT OF BONDS OR NOTES. The board may provide for the payment of principal of and interest and redemption price, if any, on the bonds or notes by pledging all or any part of the designated revenues to result from the ownership or operation of the district's works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines.
Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff. Aug. 29, 1983. Amended by Acts 1985, 69th Leg., ch. 447, Sec. 1, eff. Nov. 15, 1985.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 65 - Special Utility Districts
Subchapter G. Issuance of Bonds and Notes
Section 65.501. Issuance of Bonds and Notes
Section 65.502. Form of Bonds and Notes
Section 65.503. Manner of Repayment of Bonds or Notes
Section 65.504. Additional Security for Bonds or Notes
Section 65.505. Method for Issuance of Bonds and Notes
Section 65.506. Provisions of Bonds or Notes
Section 65.507. Use of Bond or Note Proceeds
Section 65.508. Sale or Exchange of Bonds
Section 65.510. Refunding Bonds
Section 65.511. Obligations; Legal Investment; Security for Funds