Gavvy: Spec. Dist. Loc. Laws Code, Sec. 6913.255. Bonds Payable from Ad Valorem Taxes.

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Sec. 6913.255. Bonds Payable from Ad Valorem Taxes.


Sec. 6913.255.  BONDS PAYABLE FROM AD VALOREM TAXES.  The district may issue bonds:
(1)  payable from ad valorem taxes imposed on taxable property in the district; or
(2)  secured by and payable from:
(A)  taxes described by Subdivision (1); and
(B)  revenue of the district.
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.02, eff. April 1, 2019.

Gavvy last updated this database on: Sep 6, 2024