Texas § 36.172 MANNER OF REPAYMENT OF BONDS AND NOTES.

Texas Statutes

§ 36.172 — MANNER OF REPAYMENT OF BONDS AND NOTES.

Texas § 36.172

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Bluebook

Tex. Water Code Code Ann. § 36.172 (2026).

Text

Sec. 36.172. MANNER OF REPAYMENT OF BONDS AND NOTES. The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:

(1)from the levy and collection of ad valorem taxes on taxable property within the district;

(2)from fees;

(3)by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or

(4)from any combination of these sources.

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Sec. 36.172. MANNER OF REPAYMENT OF BONDS AND NOTES. The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:
(1) from the levy and collection of ad valorem taxes on taxable property within the district;
(2) from fees;
(3) by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water; or
(4) from any combination of these sources.