Texas Statutes (Last Updated: January 4, 2014) |
WATER CODE |
Title 4. GENERAL LAW DISTRICTS |
Chapter 57. LEVEE IMPROVEMENT DISTRICTS |
Subchapter G. ISSUANCE OF BONDS |
Sec. 57.201. POWER TO ISSUE BONDS
Latest version.
-
The district may issue bonds, but it may not issue bonds nor incur any debt unless an election is held in the district and the proposition is approved by a majority vote of the electors of the district who vote in the election.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.