Sec. 8509.0306. BONDS PAYABLE FROM AD VALOREM TAXES. The board may issue bonds payable, as pledged by board resolution, from: (1) ad valorem taxes imposed on taxable property in the district; or (2) ad valorem taxes and revenue of the district. Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.
Bonds Payable From Ad Valorem Taxes
Tex. Special District Local Laws Code § 8509.0306, under Palo Duro Water District.
Tex. Special District Local Laws Code § 8509.0306