Gavvy: Spec. Dist. Loc. Laws Code, Sec. 3963.0502. Bonds Secured by Revenue Or Contract Payments.

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Sec. 3963.0502. Bonds Secured by Revenue Or Contract Payments.

Sec. 3963.0502. BONDS SECURED BY REVENUE OR CONTRACT PAYMENTS. The district may issue, without an election, bonds secured by:

(1) revenue, including contract revenues; or

(2) contract payments, provided that the requirements of Section 49.108, Water Code, have been met.

Added by Acts 2019, 86th Leg., R.S., Ch. 1012 (H.B. 4742), Sec. 1, eff. June 14, 2019.

Gavvy last updated this database on: Sep 6, 2024