Texas § 108.051 BONDS ORIGINALLY AUTHORIZED IN ABOLISHED MUNICIPAL UTILITY DISTRICT; PROPERTY TAXES.

Texas Statutes

§ 108.051 — BONDS ORIGINALLY AUTHORIZED IN ABOLISHED MUNICIPAL UTILITY DISTRICT; PROPERTY TAXES.

Texas § 108.051

Code LGLocal Government Code

This text of Texas § 108.051 (BONDS ORIGINALLY AUTHORIZED IN ABOLISHED MUNICIPAL UTILITY DISTRICT; PROPERTY TAXES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 108.051 (2026).

Text

Sec. 108.051. BONDS ORIGINALLY AUTHORIZED IN ABOLISHED MUNICIPAL UTILITY DISTRICT; PROPERTY TAXES.

(a)If, before its abolition, a municipal utility district voted to issue bonds secured by property taxes for a defined area under Section 54.806 , Water Code, and if some or all of the bonds were not issued, sold, and delivered before the abolition, the governing body of the municipality that abolished the district may issue and sell municipal bonds:

(1)in an amount not to exceed the amount of the unissued district bonds approved by the voters; and

(2)for the purpose of carrying out the purposes for which the district bonds were voted.

(b)The bonds are issued under the authority under which they were voted, particularly Section 59 , Article XVI, Texas Constitution. The bonds must be secur

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Sec. 108.051. BONDS ORIGINALLY AUTHORIZED IN ABOLISHED MUNICIPAL UTILITY DISTRICT; PROPERTY TAXES. (a) If, before its abolition, a municipal utility district voted to issue bonds secured by property taxes for a defined area under Section 54.806 , Water Code, and if some or all of the bonds were not issued, sold, and delivered before the abolition, the governing body of the municipality that abolished the district may issue and sell municipal bonds:
(1) in an amount not to exceed the amount of the unissued district bonds approved by the voters; and
(2) for the purpose of carrying out the purposes for which the district bonds were voted.
(b) The bonds are issued under the authority under which they were voted, particularly Section 59 , Article XVI, Texas Constitution. The bonds must be secured by a tax under the authority under which they were voted, particularly a tax on the property in the defined area of the abolished district.
(c) The bonds must be authorized by ordinance of the governing body of the municipality. The ordinance must provide for the levy of taxes on all taxable property in the defined area of the abolished district to pay the principal of and interest on the bonds when due.