Sec. 7803.208. EXCHANGING BONDS FOR PROPERTY OR WORK. The district may exchange bonds:
(1) for property acquired by purchase; or
(2) in payment of the contract price of work performed for the use and benefit of the district.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.02, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7803 - Irving Flood Control District Section I
Section 7803.201. Authority to Issue Bonds
Section 7803.202. Form of Bonds
Section 7803.204. Election Required
Section 7803.205. Use of Bond Proceeds During Construction
Section 7803.206. Taxes for Bonds