Texas § 21.402 BOND PAYMENT.

Texas Statutes

§ 21.402 — BOND PAYMENT.

Texas § 21.402

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 21.402 (2026).

Text

Sec. 21.402. BOND PAYMENT. The board may provide for the payment of the principal of and interest on the bonds:

(1)from the imposition of property taxes on all taxable property in the district;

(2)by pledging all or part of the designated revenue from the ownership or operation of the district's works, improvements, and facilities; or

(3)from a combination of the sources listed by Subdivisions (1) and (2).

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Sec. 21.402. BOND PAYMENT. The board may provide for the payment of the principal of and interest on the bonds:
(1) from the imposition of property taxes on all taxable property in the district;
(2) by pledging all or part of the designated revenue from the ownership or operation of the district's works, improvements, and facilities; or
(3) from a combination of the sources listed by Subdivisions (1) and (2).