Sec. 3959.0204. BONDS SECURED BY REVENUE OR CONTRACT PAYMENTS. The district may issue, without an election, bonds secured by: (1) revenue other than ad valorem taxes; (2) contract payments, provided that the requirements of Section 49.108, Water Code, have been met; or (3) other contract revenues. Added by Acts 2021, 87th Leg., R.S., Ch. 985 (H.B. 4584), Sec. 1, eff. June 18, 2021.
Bonds Secured By Revenue Or Contract Payments
Tex. Special District Local Laws Code § 3959.0204, under Chapter 3959. Sterrett Road Municipal Management District.
Tex. Special District Local Laws Code § 3959.0204