Texas § 61.170 AUTHORITY TO INCUR DEBT.

Texas Statutes

§ 61.170 — AUTHORITY TO INCUR DEBT.

Texas § 61.170

Code WAWater Code

This text of Texas § 61.170 (AUTHORITY TO INCUR DEBT.) 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. § 61.170 (2026).

Text

Sec. 61.170. AUTHORITY TO INCUR DEBT.

(a)The district may issue bonds for the purposes stated in Section 61.151 of this code and for the purpose of

(1)acquiring necessary land, rights-of-way, or dumping grounds;

(2)extension or improvement of belt railway lines; or

(3)construction of improvements, wharves, docks, or other facilities or aids to navigation.

(b)The obligations may be secured by liens on the property acquired, constructed, or improved. Available revenue may be pledged as additional security.

(c)The district may borrow funds for current expenses and may evidence the debt by warrants payable not later than the close of any calendar year for which the loans are made. The warrants shall never exceed the anticipated revenue.

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Sec. 61.170. AUTHORITY TO INCUR DEBT. (a) The district may issue bonds for the purposes stated in Section 61.151 of this code and for the purpose of
(1) acquiring necessary land, rights-of-way, or dumping grounds;
(2) extension or improvement of belt railway lines; or
(3) construction of improvements, wharves, docks, or other facilities or aids to navigation.
(b) The obligations may be secured by liens on the property acquired, constructed, or improved. Available revenue may be pledged as additional security.
(c) The district may borrow funds for current expenses and may evidence the debt by warrants payable not later than the close of any calendar year for which the loans are made. The warrants shall never exceed the anticipated revenue.