Sec. 7942A.0501. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS. The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources, to pay for any authorized district purpose.
Added by Acts 2021, 87th Leg., R.S., Ch. 756 (H.B. 4627), Sec. 7(a), eff. October 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 7942A - Mustang Ranch Municipal Utility District No. 1 of Denton County
Subchapter E. Bonds and Other Obligations
Section 7942A.0501. Authority to Issue Bonds and Other Obligations