Tex. Special District Local Laws Code § 3980.0505
BONDS SECURED BY AD VALOREM TAXES; ELECTIONS
Texas · Texas Special District Local Laws Code · Status: effective
Cite this
- Citation
- Tex. Special District Local Laws Code § 3980.0505, BONDS SECURED BY AD VALOREM TAXES; ELECTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/600559
- Permanent ID
ys:prov:600559@1- SHA-256
e9f73b06c37900475d192f65f525fe3179b59428b77d3c6b9bb131ca0ebe234c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If authorized at an election under Section 3980.0501, the district may issue bonds payable from ad valorem taxes.
(b) Section 375.243, Local Government Code, does not apply to the district.
(c) At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct annual ad valorem tax, without limit as to rate or amount, for each year that all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 and 54.602, Water Code.
(d) All or any part of any facilities or improvements that may be acquired by a district by the issuance of its bonds may be submitted as a single proposition or as several propositions to be voted on at the election.