Texas Statutes
§ 53.186 — INTEREST AND SINKING FUND.
Texas § 53.186
JurisdictionTexas
Code WAWater Code
This text of Texas § 53.186 (INTEREST AND SINKING FUND.) 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. Water Code Code Ann. § 53.186 (2026).
Text
Sec. 53.186. INTEREST AND SINKING FUND.
(a)A district shall have an interest and sinking fund. The board shall credit to this fund all taxes collected for the payment of interest or redemption of district bonds.
(b)The board shall use money in this fund only:
(1)to pay interest on district bonds;
(2)to cancel and surrender district bonds; and
(3)to pay the expenses of assessing and collecting the taxes.
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Legislative History
Acts 1971, 62nd Leg., p. 418, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Nearby Sections
15
§ 53.001
DEFINITIONS.§ 53.011
CREATING A DISTRICT.§ 53.012
CITIES AND TOWNS.§ 53.013
PRESENTING PETITION.§ 53.014
REQUISITES OF PETITION.§ 53.015
DEPOSIT.§ 53.016
TIME AND PLACE OF HEARING.§ 53.017
NOTICE.§ 53.018
POSTING NOTICE.§ 53.019
HEARING POWERS.§ 53.021
OFFICERS TO BE ELECTED.§ 53.030
ORDERING ELECTION.§ 53.031
ORDER: METES AND BOUNDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 53.186, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/53.186.