Texas Transportation Code

§ 441.180 — MANNER OF REPAYMENT

TN § 441.180Title 6. ROADWAYS · Part J. ROAD UTILITY DISTRICTS · Ch. 441. ROAD UTILITY DISTRICTS · Art. I. BONDS

(a)The board may provide for the payment of the principal of and interest on the bonds by one or more of the following methods:

(1)imposition and collection of ad valorem taxes;

(2)adoption of a plan of taxation authorized by Sections 51.502-51.506, Water Code, as provided by those sections; or

(3)pledging all or part of the fees under Section 441.197.

(b)In this chapter, a reference to ad valorem taxes includes a reference to any other tax the board imposes as provided by this chapter.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.