Texas Water Code

§ 36.172 — MANNER OF REPAYMENT OF BONDS AND NOTES

WA § 36.172Title 2. WATER ADMINISTRATION · Part E. GROUNDWATER MANAGEMENT · Ch. 36. GROUNDWATER CONSERVATION DISTRICTS · Art. F. BONDS AND NOTES

Statute text

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The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:

(1)from the levy and collection of ad valorem taxes on taxable property within the district;

(2)from fees;

(3)by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or

(4)from any combination of these sources.

Legislative history

Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.