Texas § 7989.101 AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

Texas Statutes

§ 7989.101 — AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

Texas § 7989.101

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 7989.101 (2026).

Text

Sec. 7989.101. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

(a)The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources, to pay for a road project authorized by Section 7989.053 .

(b)The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.

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Sec. 7989.101. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money, or any combination of those sources, to pay for a road project authorized by Section 7989.053 .
(b) The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.