Sec. 6903.306. BONDS PAYABLE FROM AD VALOREM TAXES. The district may issue bonds payable from:
(1) ad valorem taxes imposed on taxable property in the district; or
(2) ad valorem taxes and revenue of the district.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle B - Fresh Water Supply Districts
Chapter 6903 - Eastland County Water Supply District
Section 6903.301. Authority to Issue Bonds
Section 6903.302. Form of Bonds
Section 6903.304. Election for Bonds Payable From Ad Valorem Taxes
Section 6903.305. Bonds Payable From Revenue
Section 6903.306. Bonds Payable From Ad Valorem Taxes
Section 6903.307. Tax and Rate Requirements
Section 6903.308. Additional Security
Section 6903.309. Use of Bond Proceeds
Section 6903.310. Appointment of Receiver