Texas § 60.176 OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES.

Texas Statutes

§ 60.176 — OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES.

Texas § 60.176

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This text of Texas § 60.176 (OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES.) 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. § 60.176 (2026).

Text

Sec. 60.176. OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES.

(a)No obligation issued under Section 60.174 of this code shall be a debt of the district issuing the obligation but shall be solely a charge on the encumbered property and facilities.

(b)Revenue and income from the encumbered property and facilities of the district shall not be considered in determining the power of the district to issue any bonds for any purpose authorized by law.

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Sec. 60.176. OBLIGATIONS AS CHARGE ON ENCUMBERED PROPERTY AND FACILITIES. (a) No obligation issued under Section 60.174 of this code shall be a debt of the district issuing the obligation but shall be solely a charge on the encumbered property and facilities.
(b) Revenue and income from the encumbered property and facilities of the district shall not be considered in determining the power of the district to issue any bonds for any purpose authorized by law.