Texas § 8888.251 REVENUE NOTES.

Texas Statutes

§ 8888.251 — REVENUE NOTES.

Texas § 8888.251

Code SDSpecial District Local Laws Code

This text of Texas § 8888.251 (REVENUE NOTES.) 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. § 8888.251 (2026).

Text

Sec. 8888.251. REVENUE NOTES.

(a)The board, without an election, may borrow money on negotiable notes of the authority payable solely from the revenue from any source, including:

(1)tolls, charges, and fees the authority imposes;

(2)the sale of water, water or sewer services, or any other service or product of the authority;

(3)grants or gifts;

(4)the ownership and operation of all or a designated part of the authority's works, improvements, facilities, plants, or equipment; and

(5)contracts between the authority and any person.

(b)The notes may be first or subordinate lien notes at the board's discretion. An obligation may not be a charge on the property of the authority. An obligation may only be a charge on revenue pledged for the payment of the obligation.

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Sec. 8888.251. REVENUE NOTES. (a) The board, without an election, may borrow money on negotiable notes of the authority payable solely from the revenue from any source, including:
(1) tolls, charges, and fees the authority imposes;
(2) the sale of water, water or sewer services, or any other service or product of the authority;
(3) grants or gifts;
(4) the ownership and operation of all or a designated part of the authority's works, improvements, facilities, plants, or equipment; and
(5) contracts between the authority and any person.
(b) The notes may be first or subordinate lien notes at the board's discretion. An obligation may not be a charge on the property of the authority. An obligation may only be a charge on revenue pledged for the payment of the obligation.