Texas § 6613.152 DISTRICT FUNDS.

Texas Statutes

§ 6613.152 — DISTRICT FUNDS.

Texas § 6613.152

Code SDSpecial District Local Laws Code

This text of Texas § 6613.152 (DISTRICT FUNDS.) 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. § 6613.152 (2026).

Text

Sec. 6613.152. DISTRICT FUNDS.

(a)The interest and sinking fund consists of taxes collected for the fund. Money in the interest and sinking fund may be paid out only to:

(1)pay district bonds and satisfy and discharge interest on the bonds; and

(2)defray the expense of imposing a tax for the fund.

(b)The maintenance and improvement fund consists of money collected by assessment or other sources for:

(1)the maintenance of property owned or acquired by the district;

(2)necessary improvements to be made by the district; and

(3)the general purposes of the district.

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Sec. 6613.152. DISTRICT FUNDS. (a) The interest and sinking fund consists of taxes collected for the fund. Money in the interest and sinking fund may be paid out only to:
(1) pay district bonds and satisfy and discharge interest on the bonds; and
(2) defray the expense of imposing a tax for the fund.
(b) The maintenance and improvement fund consists of money collected by assessment or other sources for:
(1) the maintenance of property owned or acquired by the district;
(2) necessary improvements to be made by the district; and
(3) the general purposes of the district.