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1,327 chapters · 31,721 sections in this title.
Tex. Special District Local Laws Code § 1074.209 Use of Bond Proceeds
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Sec. 1074.209. USE OF BOND PROCEEDS. The district may use the proceeds of bonds issued under this subchapter to pay: (1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds; (2) interest payments on the bonds during a period of acqui…
Tex. Special District Local Laws Code § 1074.210 Bonds Exempt From Taxation
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Sec. 1074.210. BONDS EXEMPT FROM TAXATION. The following are exempt from taxation by this state or a political subdivision of this state: (1) bonds issued by the district; (2) the transfer and issuance from the bonds; or (3) any profits made in the sale of the bonds. Added by Act…
Tex. Special District Local Laws Code § 1074.211 Security of Certain Bonds
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Sec. 1074.211. SECURITY OF CERTAIN BONDS. Bonds authorized at an election held in the district before May 20, 2003, may be payable from and secured by: (1) taxes as authorized by the election; or (2) a pledge of a combination of ad valorem taxes, revenues, and other sources as au…
Tex. Special District Local Laws Code § 1074.251 Imposition of Ad Valorem Tax
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Sec. 1074.251. IMPOSITION OF AD VALOREM TAX. (a) The board shall annually impose a tax to pay: (1) indebtedness issued or assumed by the district; and (2) district maintenance and operating expenses. (b) The district may not impose a tax to pay the principal of or interest on rev…