Water District Bond Issuance.

Austin City Code tit. 25, ch. 25-9, art. 2, div. 6

in effect

Austin City Code § 25-9-281 APPLICABILITY.

§ 25-9-281 - APPLICABILITY. This division applies to a water district created with the consent of the City after March 20, 1980, that issued bonds after December 19, 1985. Source: Section 13-1-372; Ord. 990225-70; Ord. 031211-11.

Austin City Code § 25-9-282 CITY APPROVAL REQUIRED.

§ 25-9-282 - CITY APPROVAL REQUIRED. A water district may not issue a bond unless the council approves the issuance of the bond. Source: Section 13-1-370; Ord. 990225-70; Ord. 031211-11.

Austin City Code § 25-9-283 APPLICATION FOR APPROVAL OF A DISTRICT BOND.

§ 25-9-283 - APPLICATION FOR APPROVAL OF A DISTRICT BOND. A water district that proposes to issue bonds must file an application for approval of the issuance with the city manager. An application filed under this section includes all documents required by City rules. Source: Section 13-1-370; Ord. 990225-70; Ord. 010329-18; Ord. 010607-50; Ord. 031211-11; Ord. 20060504-039.

Austin City Code § 25-9-284 NOTICE OF APPLICATION.

§ 25-9-284 - NOTICE OF APPLICATION. On receipt of an application filed under Section 25-9-283 (Application For Approval of a District Bond) the city manager shall: (1) notify the council and the presiding officer of the Water and Wastewater Commission of the application; and (2) send one copy of the application to the presiding officer of the Water and Wastewater Commission. Source: Section 13-1-371; Ord. 990225-70; Ord. 010329-18; Ord. 010607-50; Ord. 031211-11; Ord. 20060504-039.

Austin City Code § 25-9-285 DEPARTMENT AND COMMISSION REVIEW.

§ 25-9-285 - DEPARTMENT AND COMMISSION REVIEW. (A) The city manager shall designate departments of the City to review the application. (B) Each designated department shall complete its review of the application not later than the 45th day after the date the application is filed. Source: Section 13-1-371; Ord. 990225-70; Ord. 031211-11.

Austin City Code § 25-9-286 AUDITOR REVIEW; RELEASE OF OFFICIAL STATEMENT.

§ 25-9-286 - AUDITOR REVIEW; RELEASE OF OFFICIAL STATEMENT. (A) An independent certified public auditor shall review the preliminary and final official statements of the water district that include the City's financial statements and audited opinion. (B) Until the independent certified public auditor completes the required review, an official statement described in Subsection (A) may not be disclosed to a person, other than: (1) an employee of the City; or (2) a consultant who is assisting the water district to structure the issuance of a water district bond. Source: Section 13-1-371; Ord. 990225-70; Ord. 031211-11; Ord. No. 20240215-034, Pt. 11, 2-26-24.

Austin City Code § 25-9-287 ACTION ON APPLICATION BY CITY COUNCIL.

§ 25-9-287 - ACTION ON APPLICATION BY CITY COUNCIL. The council shall act on an application filed under this division not later than the date of the second regular Thursday meeting of the council held after the date the council receives the recommendations of the Water and Wastewater Commission and each designated department of the City. Source: Section 13-1-371; Ord. 990225-70; Ord. 031211-11.

Source: City of Austin, City Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/tx/austin/codes/code_of_ordinances?nodeId=TIT25LADE_CH25-9WAWA_ART2WADI_DIV6WADIBOISFetched: 10/27/2026