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Texas Statutes

§ 60.174 — ISSUANCE OF OBLIGATIONS.

Texas § 60.174
JurisdictionTexas
Code WAWater Code

This text of Texas § 60.174 (ISSUANCE OF OBLIGATIONS.) 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. § 60.174 (2026).

Text

Sec. 60.174. ISSUANCE OF OBLIGATIONS.

(a)The district may issue evidences of indebtedness secured by encumbrance which mature not more than 20 years after the date of issuance.
(b)The encumbrance and evidences of indebtedness shall include the clause: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."

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Legislative History

Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.

Nearby Sections

15
§ 60.001
DEFINITIONS.
§ 60.002
AUDIT.
§ 60.003
AUTHORITY TO CONTRACT FOR THE OPERATION OR DEVELOPMENT OF A DISTRICT.
§ 60.004
ACT OR PROCEEDING OF DISTRICT PRESUMED VALID.
§ 60.005
EXEMPTION FROM TAXATION AND SPECIAL ASSESSMENTS.
§ 60.011
CREATION OF RETIREMENT, DISABILITY, AND DEATH COMPENSATION FUND.
§ 60.013
ELIGIBILITY FOR OTHER PENSION FUNDS.
§ 60.014
HOSPITALIZATION AND MEDICAL BENEFITS.
§ 60.021
DEFINITIONS.
§ 60.022
ESTABLISHMENT OF EMPLOYEE CATASTROPHIC ASSISTANCE PROGRAM.
§ 60.023
EMPLOYEE CONTRIBUTION TO DISTRICT ASSISTANCE FUND.
§ 60.024
TRANSFERS FROM DISTRICT ASSISTANCE FUND TO EMPLOYEES.
§ 60.031
APPLICATION OF SUBCHAPTER.
§ 60.032
AUTHORITY TO CONSTRUCT IMPROVEMENTS.
§ 60.033
USE OF EQUIPMENT.
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Bluebook (online)
Texas § 60.174, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/60.174.