Go to Previous Versions
of
this Section
2025 Texas Statutes
Water Code
Title 4 - General Law Districts
Chapter 60 - Navigation Districts--General Provisions
Subchapter M. Tax Bonds, Revenue Bonds, and Combination Tax and Revenue Bonds
Section 60.331. Classes of Bonds Authorized
Universal Citation:
TX Water Code § 60.331 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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.
Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.
Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
