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Tex. Special District Local Laws Code § 4019.0503

CONDITION PRECEDENT TO ISSUING OBLIGATIONS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 4019.0503, CONDITION PRECEDENT TO ISSUING OBLIGATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/601409
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(a) The district may not issue bonds, notes, or other obligations under this subchapter unless the district has entered into a contract with a municipality, the county, or another entity that: (1) provides for adequate supplemental police, fire, and emergency services for the district; and (2) is approved by the commissioners court of the county under Subsection (c). (b) A contract under Subsection (a) may include a provision that the contract takes effect only on the approval of the commissioners court of the county and the voters in the district voting in an election held for that purpose. (c) The commissioners court of the county shall review a contract under Subsection (a) and evaluate the supplemental police, fire, and emergency services provided for in the contract. If the commissioners court determines that the contract provides for adequate services, the commissioners court shall adopt a resolution stating that the contract has met the requirements of Subsection (a).