Sec. 9601.201. AUTHORITY TO ISSUE BONDS. (a) The district by resolution may authorize the issuance of bonds payable from and secured by revenue or any other available source of district money to carry out a power conferred by this chapter. Bonds issued by the district are not a direct obligation of any member.
(b) The bonds must be issued in the manner and under the terms of the proceedings authorizing the issuance of the bonds.
(c) Bonds may be issued by the district without an election.
(d) Sections 49.181-49.186, Water Code, do not apply to the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 523 (S.B. 1223), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle L - Municipal Water Districts
Chapter 9601 - Riverbend Water Resources District
Section 9601.201. Authority to Issue Bonds
Section 9601.202. Form of Bonds
Section 9601.204. Bonds Secured by Revenue; Additional Bonds
Section 9601.205. Additional Security
Section 9601.206. Delegation of Authority
Section 9601.207. Trust Indenture
Section 9601.208. Credit Agreement
Section 9601.209. Charges for District Services
Section 9601.210. State Pledge Regarding Rights and Remedies of Bondholders
Section 9601.211. Use of Bond Proceeds
Section 9601.212. Additional Authority to Provide Debt Service Reserve
Section 9601.213. Refunding Bonds
Section 9601.214. Remedies and Covenants
Section 9601.215. Limitation on Rights of Bondholders