Texas § 8506.204 POWER TO ISSUE REVENUE BONDS.

Texas Statutes

§ 8506.204 — POWER TO ISSUE REVENUE BONDS.

Texas § 8506.204

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 8506.204 (2026).

Text

Sec. 8506.204. POWER TO ISSUE REVENUE BONDS.

(a)The authority may issue revenue bonds for any corporate purpose in any amount authorized by the directors but not to exceed an aggregate principal amount of $6 million.

(b)The bonds may be secured only by a pledge of the amounts granted or donated by this state or out of any other current revenue of the district, which amounts shall be paid to the legal holders of the bonds.

(c)The bonds must be authorized by a board resolution.

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Sec. 8506.204. POWER TO ISSUE REVENUE BONDS. (a) The authority may issue revenue bonds for any corporate purpose in any amount authorized by the directors but not to exceed an aggregate principal amount of $6 million.
(b) The bonds may be secured only by a pledge of the amounts granted or donated by this state or out of any other current revenue of the district, which amounts shall be paid to the legal holders of the bonds.
(c) The bonds must be authorized by a board resolution.