Sec. 9019.201. AUTHORITY TO ISSUE BONDS. To carry out a power the district is authorized to perform, the district may issue bonds payable from and secured by: (1) ad valorem taxes; (2) all or part of the net revenue of the income-producing properties of the district, as specified by the board, after deducting reasonable expenses for maintenance, operation, and administration; or (3) ad valorem taxes and the net revenue described by Subdivision (2). Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.
Authority To Issue Bonds
Tex. Special District Local Laws Code § 9019.201, under Brookshire Municipal Water District.
Tex. Special District Local Laws Code § 9019.201