Texas § 60.331 CLASSES OF BONDS AUTHORIZED.

Texas Statutes

§ 60.331 — CLASSES OF BONDS AUTHORIZED.

Texas § 60.331

Code WAWater Code

This text of Texas § 60.331 (CLASSES OF BONDS AUTHORIZED.) 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. § 60.331 (2026).

Text

Sec. 60.331. CLASSES OF BONDS AUTHORIZED. For the purpose of carrying out any one or more powers of a district, the governing body of any district may issue negotiable bonds of three general classes:

(1)bonds secured by ad valorem taxes;

(2)bonds secured solely by a pledge of all or part of the revenues accruing to the district, including but without limitation those received from sale of water, rendition of services, tolls, charges, and from all sources other than ad valorem taxes;

(3)bonds secured by a combination pledge of revenues and taxes.

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Sec. 60.331. CLASSES OF BONDS AUTHORIZED. For the purpose of carrying out any one or more powers of a district, the governing body of any district may issue negotiable bonds of three general classes:
(1) bonds secured by ad valorem taxes;
(2) bonds secured solely by a pledge of all or part of the revenues accruing to the district, including but without limitation those received from sale of water, rendition of services, tolls, charges, and from all sources other than ad valorem taxes;
(3) bonds secured by a combination pledge of revenues and taxes.