Contract Taxes

Tex. Special District Local Laws Code § 3886.154, under Chapter 3886. Prosper Management District No. 1.

Tex. Special District Local Laws Code § 3886.154

Sec. 3886.154. CONTRACT TAXES. (a) In accordance with Section 49.108, Water Code, the district may make payments under a contract from taxes other than operation and maintenance taxes after the provisions of the contract have been approved by a majority of the district voters voting at an election held for that purpose. (b) A contract approved by the district voters may contain a provision stating that the contract may be modified or amended by the board without further voter approval. Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009. SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS