Sec. 9019.201. AUTHORITY TO ISSUE BONDS. To carry out a power the district is authorized to perform, the district may issue bonds payable from and secured by:
(1) ad valorem taxes;
(2) all or part of the net revenue of the income-producing properties of the district, as specified by the board, after deducting reasonable expenses for maintenance, operation, and administration; or
(3) ad valorem taxes and the net revenue described by Subdivision (2).
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9019 - Brookshire Municipal Water District
Section 9019.201. Authority to Issue Bonds
Section 9019.202. Bond Election Required
Section 9019.203. Notice of Bond Election
Section 9019.204. Refunding Bonds