Texas Statutes (Last Updated: January 4, 2014) |
SPECIAL DISTRICT LOCAL LAWS CODE |
Title 6. WATER AND WASTEWATER |
Subtitle F. MUNICIPAL UTILITY DISTRICTS |
Chapter 8364. CORN HILL REGIONAL WATER AUTHORITY |
Subchapter D. GENERAL FINANCIAL PROVISIONS |
Sec. 8364.151. AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS
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(a) For any authorized authority purpose, the authority may issue bonds or other obligations payable wholly or partly from revenue of the authority's water system, including revenue from contracts with member entities or customers.
(b) To provide revenue under Subsection (a), a member entity may make payments under a contract with the authority from any of the member entity's sources of revenue, including ad valorem taxes, impact fees, grants, sales and use taxes, and any other source.
Added by Acts 2011, 82nd Leg., R.S., Ch. 525 , Sec. 1, eff. June 17, 2011.