Texas § 6610.251 AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

Texas Statutes

§ 6610.251 — AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

Texas § 6610.251

Code SDSpecial District Local Laws Code

This text of Texas § 6610.251 (AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.) 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. Special District Local Laws Code Code Ann. § 6610.251 (2026).

Text

Sec. 6610.251. AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

(a)The board may issue district bonds to acquire money to accomplish any district purpose or carry out any power granted under this chapter to the district.

(b)The board may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:

(1)provide for the payment of the interest on the bonds as the interest accrues; and

(2)create and provide for a sinking fund to pay the principal of the bonds as the principal matures.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 6610.251. AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS. (a) The board may issue district bonds to acquire money to accomplish any district purpose or carry out any power granted under this chapter to the district.
(b) The board may impose continuing direct annual ad valorem taxes on all taxable property in the district sufficient to:
(1) provide for the payment of the interest on the bonds as the interest accrues; and
(2) create and provide for a sinking fund to pay the principal of the bonds as the principal matures.