Sec. 7805.151. AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS. (a) The district may issue and sell all unissued bonds that have been authorized at an election held in the district.
(b) The district may impose an ad valorem tax on all taxable property in the district to pay the principal of and interest on the bonds.
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 7805 - Irving Flood Control District Section Iii
Section 7805.151. Authority to Issue Bonds; Taxes for Bonds
Section 7805.152. Assumption of Indebtedness, Contracts
Section 7805.153. Previously Authorized Maintenance Taxes