Texas § 9305.0501 AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

Texas Statutes

§ 9305.0501 — AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

Texas § 9305.0501

Code SDSpecial District Local Laws Code

This text of Texas § 9305.0501 (AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.) 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. § 9305.0501 (2026).

Text

Text of section effective on April 01, 2027 Sec. 9305.0501. AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS.

(a)The district may issue bonds payable from ad valorem taxes imposed on all taxable property in the district to provide dams, structures, projects, and works of improvement for flood prevention, including structural and land treatment measures, to purchase and acquire lands, easements, and rights-of-way and for agricultural phases of conservation, development, and use and disposal of water, for necessary facilities, equipment, and properties in connection therewith and for improvement, maintenance, repair, and operation of same, and to carry out any other power conferred by this chapter.

(b)The board shall annually impose the taxes in an amount sufficient to pay the principal of and in

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Text of section effective on April 01, 2027
Sec. 9305.0501. AUTHORITY TO ISSUE BONDS; TAXES FOR BONDS. (a) The district may issue bonds payable from ad valorem taxes imposed on all taxable property in the district to provide dams, structures, projects, and works of improvement for flood prevention, including structural and land treatment measures, to purchase and acquire lands, easements, and rights-of-way and for agricultural phases of conservation, development, and use and disposal of water, for necessary facilities, equipment, and properties in connection therewith and for improvement, maintenance, repair, and operation of same, and to carry out any other power conferred by this chapter.
(b) The board shall annually impose the taxes in an amount sufficient to pay the principal of and interest on the bonds as the bonds and interest become due.
(c) Bonds issued under this chapter must be authorized by a board resolution.