BONDS SECURED BY REVENUE OR CONTRACT PAYMENTS.

Tex. SPEC. DIST. LOCAL LAWS Code § 3942.0504.
in effect
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The district may issue, without an election, bonds secured by: (1) revenue other than ad valorem taxes, including contract revenues; or (2) contract payments, provided that the requirements of Section 49.108 , Water Code, have been met. Added by Acts 2023, 88th Leg., R.S., Ch. 792 (H.B. 5398 ), Sec. 1, eff. June 13, 2023.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026