Texas Water Code

§ 56.205 — BONDS: APPROVAL

WA § 56.205Title 4. GENERAL LAW DISTRICTS · Ch. 56. DRAINAGE DISTRICTS · Art. F. ISSUANCE OF BONDS AND NOTES

Statute text

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(a)After the bonds are sold, the district shall submit to the attorney general:

(1)the actual bonds;

(2)a certified copy of the board's order levying a tax to pay interest and create a sinking fund;

(3)a statement of the district's total bonded indebtedness including the value of the bonds proposed to be issued and the value of taxable property in the district as shown by the last official assessment of the appraisal district in which the district participates; and

(4)other information the attorney general requires.

(b)The attorney general shall examine the bonds carefully and shall certify them if he finds that they conform to the constitution and laws of this state and are valid and binding obligations of the district.

Legislative history

Acts 1971, 62nd Leg., p. 516, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 2001, 77th Leg., ch. 298, Sec. 9, eff. Sept. 1, 2001.