Tex. Spec. Dist. Local Laws Code Section 6604.201
Authority to Issue Bonds

The commissioners court may:

(1)

issue district bonds to finance carrying out any power or purpose granted by this chapter to the district; and

(2)

provide for the payment of the interest on the bonds as it accrues and for a sinking fund for the redemption of the bonds as they mature by imposing a tax on all taxable property in the district, as shown by the most recent certified appraisal roll of the district, at a rate sufficient for that purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.03, eff. April 1, 2011.

Source: Section 6604.201 — Authority to Issue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­6604.­htm#6604.­201 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 6604.201’s source at texas​.gov