Texas § 9011.251 AUTHORITY TO ISSUE BONDS.

Texas Statutes

§ 9011.251 — AUTHORITY TO ISSUE BONDS.

Texas § 9011.251

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 9011.251 (2026).

Text

Sec. 9011.251. AUTHORITY TO ISSUE BONDS.

(a)The district may issue bonds to carry out any purpose of this chapter and to:

(1)provide a water system, as authorized by this chapter, for municipal, domestic, and industrial purposes;

(2)pay fees of an attorney, engineer, or fiscal agent;

(3)pay the cost of printing and issuing bonds; and

(4)exercise any other power conferred by this chapter.

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

(c)Bonds issued by the district must be payable by a pledge of:

(1)revenue;

(2)ad valorem taxes imposed on all taxable property in the district; or

(3)both revenue and ad valorem taxes.

(d)The pledge must be in a resolution or trust indenture adopted or authorized by the board.

(e)A bond issuance payable wholly or partly from ad valorem tax

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Sec. 9011.251. AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds to carry out any purpose of this chapter and to:
(1) provide a water system, as authorized by this chapter, for municipal, domestic, and industrial purposes;
(2) pay fees of an attorney, engineer, or fiscal agent;
(3) pay the cost of printing and issuing bonds; and
(4) exercise any other power conferred by this chapter.
(b) The bonds must be authorized by a board resolution.
(c) Bonds issued by the district must be payable by a pledge of:
(1) revenue;
(2) ad valorem taxes imposed on all taxable property in the district; or
(3) both revenue and ad valorem taxes.
(d) The pledge must be in a resolution or trust indenture adopted or authorized by the board.
(e) A bond issuance payable wholly or partly from ad valorem taxes is subject to the conditions prescribed by this subchapter.