Sec. 8183.256. BONDS PAYABLE FROM AD VALOREM TAXES  


Latest version.
  • The district 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 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.10, eff. April 1, 2009.