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Texas Statutes (Last Updated: January 4, 2014) |
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WATER CODE |
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Title 4. GENERAL LAW DISTRICTS |
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Chapter 58. IRRIGATION DISTRICTS |
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Subchapter J. ISSUANCE OF BONDS |
Sec. 58.439. PURPOSES FOR ISSUANCE OF BONDS
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The district may issue bonds to include:
(1) the cost of organization of the district;
(2) incidental expenses;
(3) the cost of investigation and making plans;
(4) the engineer's work and other incidental expenses;
(5) the cost of retirement of preliminary bonds;
(6) the cost of issuing and selling bonds;
(7) the estimated discount on the bonds;
(8) the cost of operation of a district for the period of construction of the plant and improvements stated in the engineer's report;
(9) an amount to pay interest on the bonds during the period stated in the engineer's report, which shall not be more than three years from the time the bonds are sold; and
(10) any additional cost or expense made necessary by any change or modification made in the proposed work by the district.