Texas § 8122.201 AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

Texas Statutes

§ 8122.201 — AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

Texas § 8122.201

Code SDSpecial District Local Laws Code

This text of Texas § 8122.201 (AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.) 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. § 8122.201 (2026).

Text

Sec. 8122.201. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.

(a)The district may issue bonds or other obligations as provided by Chapters 49 and 54 , Water Code, to finance the construction, maintenance, or operation of projects under Sections 8122.101 and 8122.102 .

(b)The district may not issue bonds to finance projects authorized by Section 8122.102 unless the issuance is approved by a vote of a two-thirds majority of the voters of the district voting at an election called for that purpose.

(c)Bonds or other obligations issued or incurred to finance projects authorized by Section 8122.102 may not exceed one-fourth of the assessed value of the real property in the district.

(d)Sections 49.181 and 49.182 , Water Code, do not apply to a project undertaken by the district under Sectio

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Sec. 8122.201. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS. (a) The district may issue bonds or other obligations as provided by Chapters 49 and 54 , Water Code, to finance the construction, maintenance, or operation of projects under Sections 8122.101 and 8122.102 .
(b) The district may not issue bonds to finance projects authorized by Section 8122.102 unless the issuance is approved by a vote of a two-thirds majority of the voters of the district voting at an election called for that purpose.
(c) Bonds or other obligations issued or incurred to finance projects authorized by Section 8122.102 may not exceed one-fourth of the assessed value of the real property in the district.
(d) Sections 49.181 and 49.182 , Water Code, do not apply to a project undertaken by the district under Section 8122.102 or to bonds issued by the district to finance the project.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 430 (S.B. 1795 ), Sec. 1, eff. September 1, 2005. Added by Acts 2005, 79th Leg., Ch. 1166 (H.B. 3476 ), Sec. 1, eff. September 1, 2005.