Sec. 6604.201. AUTHORITY TO ISSUE BONDS. The commissioners court may:
(1) issue district bonds to finance carrying out any power or purpose granted by this chapter to the district; and
(2) provide for the payment of the interest on the bonds as it accrues and for a sinking fund for the redemption of the bonds as they mature by imposing a tax on all taxable property in the district, as shown by the most recent certified appraisal roll of the district, at a rate sufficient for that purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.03, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle A - Drainage Districts
Chapter 6604 - Fort Bend County Drainage District
Section 6604.201. Authority to Issue Bonds
Section 6604.202. Limitation on Debt
Section 6604.203. Form of Bonds
Section 6604.205. Election for Bonds Payable From Taxes
Section 6604.206. Issuance of Certain Time Warrants Prohibited