Texas § 4019.0503 CONDITION PRECEDENT TO ISSUING OBLIGATIONS.

Texas Statutes

§ 4019.0503 — CONDITION PRECEDENT TO ISSUING OBLIGATIONS.

Texas § 4019.0503

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 4019.0503 (2026).

Text

Sec. 4019.0503. CONDITION PRECEDENT TO ISSUING OBLIGATIONS.

(a)The district may not issue bonds, notes, or other obligations under this subchapter unless the district has entered into a contract with a municipality, the county, or another entity that:

(1)provides for adequate supplemental police, fire, and emergency services for the district; and

(2)is approved by the commissioners court of the county under Subsection (c).

(b)A contract under Subsection (a) may include a provision that the contract takes effect only on the approval of the commissioners court of the county and the voters in the district voting in an election held for that purpose.

(c)The commissioners court of the county shall review a contract under Subsection (a) and evaluate the supplemental police, fire, and emerge

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Sec. 4019.0503. CONDITION PRECEDENT TO ISSUING OBLIGATIONS. (a) The district may not issue bonds, notes, or other obligations under this subchapter unless the district has entered into a contract with a municipality, the county, or another entity that:
(1) provides for adequate supplemental police, fire, and emergency services for the district; and
(2) is approved by the commissioners court of the county under Subsection (c).
(b) A contract under Subsection (a) may include a provision that the contract takes effect only on the approval of the commissioners court of the county and the voters in the district voting in an election held for that purpose.
(c) The commissioners court of the county shall review a contract under Subsection (a) and evaluate the supplemental police, fire, and emergency services provided for in the contract. If the commissioners court determines that the contract provides for adequate services, the commissioners court shall adopt a resolution stating that the contract has met the requirements of Subsection (a).
SUBCHAPTER I. DISSOLUTION