Water Code §54.505

In force on Apr 19, 2011 · this text took effect Jun 18, 2003 · same as today's text

ELECTION ON TAX BONDS

Bonds payable solely from revenues may be issued by resolution or order of the board without an election, but no bonds, except refunding bonds, payable wholly or partially from ad valorem taxes shall be issued until authorized by a majority vote of the resident electors of the district voting in an election called and held for that purpose. An election is not required to pledge revenues to the payment of bonds.

History: Added by Acts 1971, 62nd Leg., p. 796, ch. 84, Sec. 1. Amended by Acts 2003, 78th Leg., ch. 248, Sec. 31, eff. June 18, 2003.

Source: the Legislature's file server, seen Sep 22, 2018 to Nov 08, 2026.

Every version on file

Effective Jun 18, 2003 · seen Sep 2018–Nov 2026

Attorney General opinions that cite it

GA-0883 (Apr 19, 2011): Treatment of existing debt after consolidation of municipal utility districts pursuant to section 54.728 of the Water Code

A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.