Sec. 8101.251. AUTHORITY TO ISSUE BONDS. (a) The authority may issue bonds to:
(1) purchase or otherwise provide works, plants, facilities, or appliances necessary to accomplish the purposes authorized by this chapter; or
(2) exercise any other power conferred by this chapter.
(b) Bonds issued by the authority must be payable from revenue or ad valorem taxes. If bonds are payable wholly from revenue, the revenue may be pledged by board resolution without an election.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8101 - Athens Municipal Water Authority
Section 8101.251. Authority to Issue Bonds
Section 8101.252. Refunding Bonds
Section 8101.253. Form of Bonds
Section 8101.255. Trust Indenture
Section 8101.256. Election for Bonds Payable From Ad Valorem Taxes
Section 8101.257. Bond Security; Revenue; Taxes; Additional Bonds
Section 8101.258. Additional Security
Section 8101.259. Charges for Authority Services
Section 8101.260. Use of Bond Proceeds
Section 8101.261. Appointment of Receiver
Section 8101.262. Bonds Secured by Contract Proceeds; Approval
Section 8101.263. Bonds Exempt From Taxation
Section 8101.264. Property Exempt From Taxation and Assessment