Texas § 5012.0201 AUTHORITY TO ISSUE BONDS; ELECTION.

Texas Statutes

§ 5012.0201 — AUTHORITY TO ISSUE BONDS; ELECTION.

Texas § 5012.0201

Code SDSpecial District Local Laws Code

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Tex. Special District Local Laws Code Code Ann. § 5012.0201 (2026).

Text

Sec. 5012.0201. AUTHORITY TO ISSUE BONDS; ELECTION.

(a)The authority may issue bonds for any corporate purpose.

(b)The authority may issue bonds for a purpose described by Section 5012.0102 (1) or to acquire necessary or proper lands, rights of way, extension or improvements of belt railway lines, or construction or improvements of wharves, docks, ship repair facilities, or other facilities or aids to navigation.

(c)The authority may secure bonds issued under Subsection (b) by liens on properties acquired, constructed, or improved and pledge available revenues as additional security.

(d)An election to approve the issuance of bonds payable from taxes must be held in the manner provided for bond elections under Chapter 54 , Water Code.

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Sec. 5012.0201. AUTHORITY TO ISSUE BONDS; ELECTION. (a) The authority may issue bonds for any corporate purpose.
(b) The authority may issue bonds for a purpose described by Section 5012.0102 (1) or to acquire necessary or proper lands, rights of way, extension or improvements of belt railway lines, or construction or improvements of wharves, docks, ship repair facilities, or other facilities or aids to navigation.
(c) The authority may secure bonds issued under Subsection (b) by liens on properties acquired, constructed, or improved and pledge available revenues as additional security.
(d) An election to approve the issuance of bonds payable from taxes must be held in the manner provided for bond elections under Chapter 54 , Water Code.