Sec. 9055.256. BONDS PAYABLE FROM AD VALOREM TAXES. The district may issue bonds payable from:
(1) ad valorem taxes imposed on taxable property in the district; or
(2) ad valorem taxes and revenue of the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9055 - Wise County Water Supply District
Section 9055.251. Authority to Issue Bonds
Section 9055.252. Form of Bonds
Section 9055.254. Election for Bonds Payable From Ad Valorem Taxes
Section 9055.255. Bonds Payable From Revenue
Section 9055.256. Bonds Payable From Ad Valorem Taxes
Section 9055.257. Tax and Rate Requirements
Section 9055.258. Additional Security
Section 9055.259. Use of Bond Proceeds
Section 9055.260. Appointment of Receiver