Texas § 5201.053 SECURITY FOR BONDS.

Texas Statutes

§ 5201.053 — SECURITY FOR BONDS.

Texas § 5201.053

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 5201.053 (2026).

Text

Sec. 5201.053. SECURITY FOR BONDS. Bonds issued under this chapter may be secured by:

(1)solely a pledge of revenues, in the manner and to the extent prescribed for a county by Chapter 284 , Transportation Code;

(2)a pledge of, and making the bonds payable from, an ad valorem tax authorized by Section 52 (b), Article III, Texas Constitution;

(3)designating a portion of the bonds to be secured solely by a pledge of revenues as provided by Subdivision (1) and a portion of the bonds to be secured by a pledge of an ad valorem tax as provided by Subdivision (2); or

(4)a combination of the methods prescribed by Subdivisions (1) and (2) through which all of the bonds are to be supported and secured by a pledge of revenue and ad valorem tax, in the manner and to the extent prescribed for a cou

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Sec. 5201.053. SECURITY FOR BONDS. Bonds issued under this chapter may be secured by:
(1) solely a pledge of revenues, in the manner and to the extent prescribed for a county by Chapter 284 , Transportation Code;
(2) a pledge of, and making the bonds payable from, an ad valorem tax authorized by Section 52 (b), Article III, Texas Constitution;
(3) designating a portion of the bonds to be secured solely by a pledge of revenues as provided by Subdivision (1) and a portion of the bonds to be secured by a pledge of an ad valorem tax as provided by Subdivision (2); or
(4) a combination of the methods prescribed by Subdivisions (1) and (2) through which all of the bonds are to be supported and secured by a pledge of revenue and ad valorem tax, in the manner and to the extent prescribed for a county by Chapter 284 , Transportation Code.