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2025 Texas Statutes
Water Code
Title 4 - General Law Districts
Chapter 65 - Special Utility Districts
Subchapter G. Issuance of Bonds and Notes
Section 65.503. Manner of Repayment of Bonds or Notes
Universal Citation:
TX Water Code § 65.503 (2025)
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Sec. 65.503. MANNER OF REPAYMENT OF BONDS OR NOTES. The board may provide for the payment of principal of and interest and redemption price, if any, on the bonds or notes by pledging all or any part of the designated revenues to result from the ownership or operation of the district's works, improvements, facilities, plants, equipment, and appliances or under specific contracts for the period of time the board determines.
Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff. Aug. 29, 1983. Amended by Acts 1985, 69th Leg., ch. 447, Sec. 1, eff. Nov. 15, 1985.
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